The Voluntary Investment Program (VIP), a 403(b) plan, allows employees to accumulate additional retirement savings on a pre-tax or after-tax Roth 403(b) basis, or a combination thereof, through the use of a variety of investment vehicles that can be changed at any time. TIAA is the current vendor for the VIP with investment products offered by TIAA and Vanguard.

Complete online enrollment, choose your allocations, and identify your beneficiaries with TIAA Online.

View the Online Salary Deferral Calendar to see when online changes will be reflected on your pay slips.

Because the VIP and the WSURP are both 403b plans, participants of the WSURP who are contributing at the 10% level are making a 7.5% required contribution, and an additional 2.5% voluntary contribution. The voluntary portion of the WSURP contribution will count toward the maximum IRS contribution limits.  WSU will adjust VIP contributions to prevent over-deferrals. Starting in 2025, in addition to the standard elective contribution limit and the age 50 catch-up contribution, individuals between the ages of 60-63 can contribute up to 150% of the standard age 50 catch-up contribution instead, per the provisions of the federal Secure 2.0 Act.

As a voluntary plan, eligible employees may start, stop or change contributions at any time.

When employees separate from WSU, money can 1) remain in the account and continue to be managed there, 2) be withdrawn from the account, 3) be rolled into another qualified retirement plan, or 4) a combination thereof.

VIP Calculators

Select from the following links to download a spreadsheet that will allow you to calculate the maximum you can contribute to a VIP plan in 2024, based on the matching retirement plan you participate in, and your age:

Instructions:

  1. Enter the annual salary, YTD VIP contributions as of your last paycheck, and the Number of pay periods let in the year.  The tool will calculate the maximum dollar amount contribution you may contribute for the remaining pay periods in the year.
  2. To make changes to your VIP contribution, log in to your account at tiaa.org/wsu.
    1. Under Actions, click on Manage Contributions. 
      1. You have the option to elect “maximum” contributions, and TIAA will automatically adjust your contributions to ensure you are reaching the maximum amount for 2023.  Your personal maximum contribution amount will be listed on this screen.
      1. Alternatively, you can elect a specific dollar amount ($15 minimum) that this calculator will determine, which will be deducted equally from each paycheck.

If you reach the IRS contribution limit prior to the end of the year, contributions will be stopped until the next year. 

Contacting TIAA

TIAA offers in person and by phone consultations and customer support. One on one meetings can be scheduled through your online TIAA account, or by calling 1-800-732-8353. For phone assistance, please call 1-800-842-2252.