The UW 403(b) Supplemental Retirement Program (SRP), formerly the UW Tax-Sheltered Annuity (TSA) 403(b) Program, will have changes effective January 1, 2022.
Updates to the program focus on cost-effectiveness, simplification, and ease of use for 403(b) participants. UW System’s goal is to make it easier for participants to enroll, select investments, and monitor investment performance on an ongoing basis.
The recordkeepers are changing to two – TIAA and Fidelity. Ameriprise, T. Rowe Price, and Lincoln will no longer be offered.
UW System will host town halls to discuss the upcoming 403(b) program changes and actions participants may need to take. Town halls are scheduled for:
- Friday, September 17, 2021 at 12:00pm
- Tuesday, October 26, 2021 at 2:00 pm
- Monday, November 15, 2021 at 11:00 am
Employees will have an opportunity to ask questions during each town hall. Access links to join on the 403(b) Program Enhancements web page. If you’re unable to attend, recordings of each town hall will be made available on the web page shortly afterward.
Current participants in the program will also receive additional communication from UW System and their providers in the coming weeks.
More information and frequently asked questions about the changes can be found on the 403(b) Program Enhancements web page.