Knowledgebase/FAQ : Retirement > UT System Retirement Programs
Your Provider will contact you with information on any reduction in annuity fees and how you can take advantage of these reduced fees. For specific questions on this process, contact your Provider directly.
Mutual funds charge an investment management fee. Certain mutual funds also charge short-term trading fees if shares of the fund are held for less than a stated number of days. Variable annuities charge investment management fees and may charge short...
Almost every type of investment comes with risk. The level of risk you assume with a mutual fund depends on the investments you select (based on your investment objective, risk tolerance, need for liquidity, and market conditions). Variable annuity r...
A mutual fund is a type of investment that pools your money with that of other investors who have similar investment goals. A professional money manager invests the money in stocks, bonds and/or short-term investments. Each fund you select is managed w...
Yes, you may wish to invest with more than one Provider, depending on the investment products and services you want to have in your personal retirement portfolio. However, some people like the convenience of having all their retirement balances consoli...
Contact your Provider directly. Each of the approved Providers offers a toll-free customer service number, Web site, and representatives to make account and investment changes.
Yes, you may change the destination of your future contributions without transferring your accumulated account balances.
* Log on to UTRetirement Manager and click on the Enroll/Changepage for the program you wish to modify. * Choose your new Provider from the list and complete a Transfer Verification form for both your current and your new Provider. * Contact the c...
* Log on to UTRetirement Manager and click on the Enroll/Changepage for the program you wish to modify. * Choose your new Provider from the list and follow the enrollment instructions to set up an account.
* Log on to UTRetirement Manager and click on the Enroll/Changepage for either the UTSaver TSA or UTSaver DCP. For the UTSaver TSA, you should contact your Benefits Office for a calculation of your contribution limit. * Choose a Provider from the li...
You can contribute as little as $20 per pay period or as much as 100% of your eligible compensation, up to $15,000 (for 2006) in the UTSaver DCP. There are also two catch-up provisions.: * Age 50 Catch-up: If you are age 50 or older, you may contri...
You can contribute as little as $25 per pay period or as much as 100% of your eligible compensation, up to $15,000 (for 2006) in the UTSaver TSA (traditional and Roth combined). There are also two catch-up provisions: * Age 50 Catch-up: If you are ...
No. For new contributions starting September 1, 2006, you must invest with one of the six approved Providers feature in this brochure.
You do not have to make any changes to your account at this time. However, the UT System is implementing standards that your Provider must meet to continue to receive your contributions. If your Provider cannot meet these standards or chooses not to, y...