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Linfield College
- Linfield College
Human Resources

403(b) Retirement Plan

Your retirement plan through Linfield College is an important part of your total compensation package. As a valued employee, we want to help you build a more financially secure future. Please see the questions below and the plan document for more information about your retirement plan.

Retirement Plan Forms

403(b) Retirement Plan 403(b) Retirement Contribution Form PDF
  TIAA Retirement Online Resources PDF
  TIAA Retirement How to Enroll Online PDF
  Plan Documents  

Frequently Asked Questions

How much does the College contribute towards my retirement?

11.25% of your monthly base salary for staff and administration; and 16% for faculty. Even more amazing is that your retirement contributions are immediately fully vested. We are serious about our commitment to providing you with income during your retirement.

Who is eligible for the College’s contribution? You must be a regular status faculty or staff member (not adjunct or temp), working at least .50 FTE.

When do I start receiving the College’s contribution?

If you are a new employee, the College will make its first contribution toward your retirement plan the first of the month following one year of service.  For example, if your hire date is July 1, the College’s retirement contribution will begin on July 1 of the following calendar year.  If your hire date is on August 8th, the College’s retirement contribution will begin on September 1 of the following calendar year.

Am I eligible to have the one year of service waiting period waived?

If you were receiving an employer retirement contribution while working at an institution of higher education in the 12 month period immediately preceding your hire date at Linfield College, you will be eligible to  receive immediate contributions from Linfield College upon providing sufficient verifying documentation.


If you were previously employed at Linfield College and receiving the employer contribution before you resigned, you will be eligible to receive immediate contributions.

Who do I contact if I have questions?

 Your 403(b) retirement plan is carried by the Teachers Insurance and Annuity Association (TIAA) and the College Retirement Equities Fund (CREF).

 Please contact TIAA-CREF directly to:

  • Change your fund allocations
  • Change your address on your statements
  • Get a prospectus on an individual fund
  • Transfer money from one retirement account into another
  • Receive some investment advise or retirement counseling
  • Check on your online balance
  • Change the beneficiary on your retirement account
  • Get a pre-retirement illustration
  • Request a distribution (loan, hardship withdrawal or other distribution)

 Do you have your online account?

 It’s fast and easy to enroll and you can do so much online. Take a guided tour to find out more, then register for your online account. You’ll receive instructions from TIAA-CREF about creating your online account upon enrollment. 

 TIAA-CREF Contact Info

  Phone Assistance:        Call (800) 842-2776

                                       Monday – Friday, 5:00 a.m. – 7:00 p.m. Pacific Time

                                       Saturday, 6:00 a.m. – 3:00 p.m. PT


In-Person Assistance:     Call (866) 928-4221 x472649 

                                       Monday – Friday 8 a.m. – 5 p.m. (PT)

                                       To sign up for an individual appointment for personalized advice 

Online Assistance:

  • Research information on new investment options
  • Click on link to salary deferral tool
  • Click on link to “Account Access” to submit asset allocation and beneficiary designation changes

Email:                              After creating your ID and password, login to your account to send a secure email

Mailing Address:             TIAA-CREF

                                       P.O. Box 1259

                                       Charlotte, NC 28201

Please contact Betty Henninger at (503) 883-2568 or to:

  • Check if you are eligible to participate in the retirement plan
  • Learn more about how to enroll and make changes
  • Learn about your voluntary limit for the year

When can I start contributing toward my retirement?

You can start contributing toward your retirement the month following your hire date. All Linfield employees are welcome to participate, including our adjunct faculty and temporary employees.

We make it very easy for you to contribute through payroll deductions. Please get started by completing a Salary Reduction (Retirement Contributions) Form. Let us know how much you would like to contribute to your retirement account and your tax preferences (pre-tax or post-tax).

How much can I contribute toward my retirement in 2017?

 The basic annual contribution limit based on IRC code 402(g) is $18,000 maximum for the calendar year 2017. The total amount contributed into your retirement account cannot exceed this amount, unless you elect the catch-up provision listed below:

 “Age 50” Rule:  IRC Section 414(v) allows individuals who are age 50 or older at the end of the calendar year to exceed the basic 402(g) contribution limit by an additional $6,000 in the year 2017.

 Retirement Contribution Limits                          2016

403(b) Plan Elective Deferral Maximum            $18,000

“Age 50” Rule: Catch-up Contribution                $ 6,000

How do I make changes to my retirement contributions?

You can change your amount, start or stop your contribution at any time by completing a new Salary Reduction (Retirement Contributions) Form.  Your changes are not official until your completed salary reduction form is turned in to the Office of Human Resources. Please keep in mind that your changes may be delayed by one month when your form is not submitted before the payroll deadline for that month.

 What are my investment options?

 You have a wide range of investment options covering different styles and risk levels enabling you to create a well balanced portfolio. Please see for more information about your investment choices and performance.

 Simple Choice

TIAA-CREF’s LifeCycle Funds can help simplify your retirement investing. Life cycle funds are an alternative for those who don’t have the time, desire, or investment knowledge to research, create, and manage a well-diversified portfolio on their own. Each fund invests in a combination of well-established mutual funds, and is professionally managed to provide a consistent retirement investment strategy over time.  This may be a good decision for you if you want to make a single decision based on your projected retirement age and have your portfolios automatically rebalanced and adjusted as you get closer to retirement.

Would you like your contributions to be Pre-tax or Post-tax?  With your retirement funds you have the choice to contribute on a traditional pre-tax basis, on an after-tax basis, or a combination of the two as long as you don’t exceed the total IRS contribution limit for the year. In making this decision, you will want to consider what is best for your personal circumstances and savings goal.

Pre-tax: With a traditional pre-tax contribution, the money you invest is tax deductible, but the money you withdraw at retirement will be taxed at the then-current date.

After-tax: When you contribute on an after-tax basis your contributions will be taxed, but at retirement, your earnings can be withdrawn tax-free. You may want to contribute on an after tax basis if you wish to minimize taxable income upon retirement.

Combination: When you choose a combination, your money in an after-tax contribution is taxed at the front end, but your money in a traditional pre-tax contribution is taxed at the back end. This is another method that people use to diversify their retirement assets.

For more information, please see your TIAA-CREF representative. 

How can I build and protect my retirement savings?

Savings For Retirement Booklet (TIAA-CREF) – for tips to help you take advantage of the power of compounding, maximizing your workplace savings, and some ideas on where to find the extra money to save.

Retirement Webinars (TIAA-CREF) – a great variety of educational topics to help you on your road to retirement.

Retirement Estimator (Social Security Administration) – an online retirement calculator designed to help people plan for retirement. The SSA’s Retirement Estimator automatically pulls information from a person’s actual Social Security earning record. In addition, TIAA-CREF offers a variety of calculators online.


What happens if I leave the College?

I am under 59 ½:   When you separate from the College and you are not age 59 ½ or older, please call TIAA-CREF at 1-800-842-2776 to discuss your distribution options with a plan representative. You have a few options to manage the funds on your retirement accounts, they are:

  1. Leave the funds with TIAA-CREF
  2. Roll the funds into an IRA
  3. Roll the funds into another tax-deferred retirement plan, such as a 403(b), 401(k), or 457(b)
  4. Make a cash withdrawal within 120 days of your termination date. There will be a 10-12.5% penalty incurred and a 20% withheld for federal taxes at the time of withdrawal. State income taxes would also be applicable

I am planning to retire:  Congratulations on your upcoming retirement!  Please contact the Betty Henninger in the Office of Human Resources at (503) 883-2568 or to schedule an appointment. We are happy to speak with you about the details of your retirement benefits. In advance of your meeting, we recommend the following information for your review:

TIAA-CREF WebSeminar – Choosing Income: One Year Until Retirement

Living Well In Retirement – Resources & Tools

Plan Documents