WSU offers two retirement savings plans: a 403(b) and a 457(b). These retirement plans allow you to contribute to your account(s) every pay period. You may invest your contributions among a variety of funds offered by Fidelity Investments and/or TIAA. Enrollment in the retirement savings plans is not automatic. Newly eligible employees will receive an invitation to the Retirement@Work portal. Contributions will then begin after you enroll or make changes in the Retirement@Work portal.
Contribution vesting
Vesting in a retirement plan means ownership. Employee contributions are fully vested at all times. This means the amounts cannot be forfeited, even if you terminate your employment with WSU.
University contributions will be vested after two years of service. Your accumulated university contributions and related earnings revert back to the university if you terminate from WSU before you have two years of service.
Bypassing the required two years of service
You are able to bypass all or some of the two years of service requirement by submitting a Predecessor Employer Service Verification Form (pdf) from a previous employer that meets certain requirements. The form must be submitted within 90 days of your WSU hire date for consideration. Additional information is available on the HR website.