- July 2010 > Retirement Corner
Annual Enrollment for benefits for the 2010-2011 plan year began July 1 and lasts through July 31, 2010. While reviewing insurance coverage for yourself and your family, Annual Enrollment is also a great time to review coverage for your financial health.
People are living longer, healthier lives and that means people are going to need healthier, more robust retirement income sources. The University of Texas System provides a number of vehicles that you can use to ensure those income sources are available to you when needed the most.
You may enroll or increase your contribution in the UTSaver TSA or UTSaver DCP at any time, and Annual Enrollment is a great time to think about your total benefit needs. Contributions can be as little as $15 per month for the TSA ($20 per month for the DCP) or as much as $16,500 a year. In some cases, you may even be able to contribute more. All contributions are conveniently deducted from your paycheck before taxes, which means your taxable income decreases. If you prefer to make your contributions after taxes have been deducted, that option is there for you, too.
To learn more about your retirement savings opportunities, please visit our website at www.utretirement.utsystem.edu today! Take the opportunity to ensure that your financial health is just as robust as your physical health!
If you have a Benefits question, submit your question by replying to the “newsletter email” or by sending an email to email@example.com.
UT System Employee Benefits Web site: www.utsystem.edu/benefits/
UT System Retirement Programs Web site: www.utretirement.utsystem.edu
Your Local Benefits Office: www.utsystem.edu/benefits/contacts/#1