A Word From Human Resources
New Retirement Saving and Investment Education Campaign
This semester, Rensselaer is partnering with TIAA-CREF to launch a new education program called “Retirement Know-How.” The program is designed to provide Rensselaer employees with new perspective and insight on how best to plan for retirement saving and investing. In developing this program, TIAA-CREF worked with us to find out what employees most wanted to know, especially in light of today’s evolving economic climate.
To start the process, in speaking with employees in one-on-one meetings, TIAA-CREF consultants discovered that many of the same questions were being asked: “What should I invest in now?” “How much do I need to retire?” “How does my retirement plan fit in with my overall financial outlook?” The goal of the campaign is to provide employees with the answers that are unique to their individual situations and retirement planning outlook.
As the program begins, employees will receive information on a variety of topics including asset allocation and diversification, the power of voluntary contributions, retirement readiness, and more.
The “Retirement Know-How” program will provide individuals with specific information that would be useful to help an individual meet their desired retirement needs. For example, individuals who may not be taking full advantage of the plan will receive information about the power of voluntary contributions, while those employees nearing retirement will receive materials on preparing themselves to take the next step.
Over the next few months, you may receive a communication on a number of topics including saving more by increasing your voluntary contributions to the Rensselaer’s Supplemental Retirement Plan, preparing for your future retirement through a detailed account review, and diversifying your retirement investment options for long-term growth potential.
Rensselaer and TIAA-CREF are committed to providing Rensselaer faculty and staff with a best-in-class retirement offering through the wide variety of investment options available. In addition, the one-on-one counseling and advice that TIAA-CREF offers both on-site and in the local office are offered at no additional cost.
TIAA-CREF consultants will continue to provide you with knowledgeable information related to allocating your contributions, diversifying your assets, structuring your retirement income, and showing you additional ways to save more toward your retirement.
For more information about how TIAA-CREF can help you with your retirement plan, call their representative, Peter Crehan, at (518) 786-5900, or visit the Division of Human Resources.
Curtis Powell, SPHR
Vice President for Human Resources