The Purdue University Board of Trustees approved steps to roll out enhanced investment opportunities for employees at its meeting last Friday (July 9, 2010.)  The upcoming changes, prompted by a review of investment options by the Retirement Plan Review Task Force, will occur on Jan. 1 and will include changing the defined contribution retirement plan record keeper from TIAA-CREF to Fidelity. Fidelity will also be the record keeper for the voluntary retirement savings program. This change will affect staff and faculty who participate in the Purdue Retirement Plan (Faculty and Administrative Professionals) and/or employees who contribute from their paycheck to the Voluntary Tax Deferred Annuities (403b or 457b) plans with TIAA-CREF, Lincoln, Valic, American Century, or Fidelity. 

Read the full story, along with a letter from the Retirement Plan Review Task Force co-chairs, and Retirement Plan FAQs. 

Please contact Tina Grady at 481-6684 or Tina Sullivan at 481-6683 with any questions.