Alabama Teachers’ Retirement
All full-time employees of Jacksonville State University are required to participate in the State Retirement Program. Deductions are on a pre-tax basis and sent to the Retirement System. You become vested after being a contributing member for 10 years.
- Tier 1 employees (hired prior to January 2013 or former TRS members) contribute 7.5% of your gross salary per pay period; eligible to retire at any age after 25 years of service, or at age 60 with 10 years of service.
- Tier 2 employees (hired after January 2013) contribute 6% of your gross salary each pay period; eligible to retire at age 62 with 10 or more years of service.
For more detailed information about this benefit, please visit the Alabama Teachers' Retirement website.
Please Note: Alabama law provides that TRS retirees employed with a TRS employer may continue to receive full retirement benefits under certain conditions.
Deferred Compensation (RSA-1)
Additional tax-deferred contributions may be made to the Alabama Teachers Retirement System and credited to a deferred compensation plan. Participation in this plan is voluntary and not matched by the University. Learn more on the Retirement Systems of Alabama's Deferred Compensation (RSA-1) website.
403-B Plan Administered by TIAA
The University offers a retirement annuity plan with Teachers Insurance and Annuity Association of America (TIAA). The plan is pre-taxed and consists of Regular Annuity (RA) and Supplemental Retirement Annuity (SRA).
Retirement Annuity (RA)
The University will match an employee's contributions with TIAA at 3%, 4%, or 5%, only after two years of full-time employment. However, if an employee is coming from another Higher Education Institution without a break in employment, the employee may be eligible for immediate matching. Documentation verifying continuous employment and prior participation in a TIAA plan is required. If an employee chooses not to contribute to this plan, the University will contribute 1% of the employee's salary to this plan on behalf of the employee (but the employee must still enroll and establish an account with TIAA).
Supplemental Retirement Annuity (SRA)
Full-time employees may participate in the Supplemental Retirement Annuity upon employment or anytime thereafter. Contributions to the SRA will not be matched by the University.
Employees may review their paystub to ensure TIAA is being properly deducted.
Sick Leave Conversion Table (Tier 1 Only)
|Accumulated Sick Leave Days||Months of Service|