Starting on Monday, Jan. 1, Duquesne will offer eligible employees the opportunity to fund their voluntary retirement savings through a new Roth 403(b) contribution option.
Employees currently offered the ability to fund their retirement plans using a 403(b) account may now choose to elect after-tax contributions through payroll deduction into the Roth 403(b). With this new plan, participants don’t have to pay federal income taxes on the growth portion of the account or when they withdraw the money upon retirement age.
Employees who want to determine whether the Roth 403(b) option supports their retirement goals can meet one-on-one with a Fidelity or TIAA financial consultant; visit the FAQs page; consult with a personal tax advisor; or attend one of the upcoming University-sponsored lunch and learn information sessions.
The following information sessions will be held in Room 205 of the Power Center:
- Fidelity sessions will be held on Monday, Jan. 8, Monday, Feb. 5 and Monday, March 5.
- TIAA sessions will be held on Tuesday, Jan. 9, Thursday, Feb. 8 and Wednesday, March 7.
The sessions are free and open to the campus community. Registration through MyLead is required.