HR, Payroll and Benefits News

Your TSA 403(b) Program - Reimagined!

UW System is making changes to enhance the TSA 403(b) Program, the University’s supplemental retirement savings plan.

Changes to the program will focus on cost-effectiveness, simplification and ease of use for 403(b) participants. UW System’s goal is to make it easy to enroll, select investments, and monitor investment performance on an ongoing basis. You can read more about the changes on the 403(b) Program Enhancements web page.

Along with upcoming program changes, there is a new program name: the University of Wisconsin 403(b) Supplemental Retirement Program, or 403(b) SRP. We are in the process of updating this name with the providers (also known as recordkeepers) and on relevant materials and web pages.

In addition to the name change, the 403(b) SRP will be undergoing enhancements to the recordkeepers and investment line-up effective January 1, 2022. If you are a current program participant – or enroll in the program in the next few months – you may need to take action based on these upcoming changes. Current participants will be notified via an email about these upcoming changes and any required action in September.

Stay up-to-date on deadlines and actions you may need to take by bookmarking the 403(b) Program Enhancements web page and watching for articles in the Portal or your institution newsletter.

Source: UW System Office of Trust Funds