4. You can only choose a specified dollar amount if you reduce your salary by more than 6%. 3. Define the dollar or percentage you want to take from your cheque. A dollar amount is a specified amount that you want to reduce (by salary period or per year) and a percentage would be a percentage of your salary. 7. The standard investment option under the plan is the TIAA-CREF Lifecycle Fund, which best matches the year you turn 65. If you do not create an account for TIAA`s Plan 403 (b) and provide investment instructions, your future messages will be forwarded to the age-appropriate TIAA-CREFcycle Lifecycle Fund. You can change your investment direction and transfer existing balances every day the U.S. stock market is open by contacting TIAA directly.
2. Enter the date of the cheque at which the amount must be deducted. . To update your assignments, log in to your account or sign up for secure access to your account under www.tiaa.org/bates or call TIAA at 1-800-842-2252. If you want to change the amount of money or percentage you are currently contributing to your Pension Choice Plus Annuity (RCP) with TIAA, you must complete the “Salary Reduction Agreement” form.