To assure adequate retirement income for all eligible employees, Sweet Briar provides 403(b) retirement benefits through a choice of VOYA or TIAA-CREF. Sweet Briar’s retirement benefits consist of two plans:
- the basic Defined Contribution Plan in which both the College and the employee make contributions (participation in this plan is mandatory), and
- a supplemental Tax-Deferred Annuity in which an employee may make optional contributions.
All active, full-time employees begin participation in the basic plan at age 23 on the first day of the quarter (January, April, July or October) following date-of-employment.
Sweet Briar College Retirement Plan Policy Numbers
Defined Contribution Retirement (DC) Plan
Tax-Deferred Annuity (TDA) Plan