Nearing retirement | Human Resources

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Reduced rates for retirees working at UK

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News

May 30, 2023

TIAA hosting one-on-one summer sessions on campus

TIAA, one of two companies that handles UK’s matching retirement savings plans, will be holding free, one-one-meetings with UK employees this summer in two locations on campus. No matter where you are in life—just getting started or planning for retirement—a session with a TIAA financial consultant can help create a plan for retirements goals. At the sessions, employees can get answers to these questions and more:

January 25, 2023

IRS has increased retirement contribution limits

The Internal Revenue Service has increased the amount individuals can contribute to their 403(b) plans in 2023. The contribution limit for employees who participate in 401(k), 403(b), most 457 plans, and the federal government's Thrift Savings Plan is increased to $22,500, up from $20,500 in 2022. The limit on annual contributions to an IRA increased to $6,500, up from $6,000.