New address: 24 Farnsworth Street, Boston, MA 02210-1409.
The normal retirement age is 65 or slightly later, depending on date of birth. There is no mandatory retirement age for either Unitarian Universalist (UU) ministers or non-ordained employees.
At retirement, a participant may elect to receive distributions as:
Because ordained ministers may receive part of their distributions after retirement as a tax-exempt clergy housing allowance, it is generally very advantageous for clergy of all denominations to maximize their retirement savings through their denominationally-sponsored plan.
Plan participants are fully vested, and in the event of death, the assets are paid to the participant’s beneficiary. Contact TIAA-CREF to verify that your beneficiary designation is current.
For more information contact ocsf @ uua.org.
This work is made possible by the generosity of individual donors and congregations.
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Last updated on Wednesday, November 27, 2013.
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