Retirement Changes 2020 - Transfer of Existing Balances (Vanguard, Fidelity)


Tuesday, September 15, 2020 (All day)



With Harvard’s retirement plans, you choose how to invest the money in your accounts, both those funded by the University and those you fund yourself, like the TDA. Effective April 9, Harvard is making some changes to the investment options available and the administration of plan investment accounts. The changes affect all retirement plan participants including active faculty and staff as well as retirees and former employees with retirement investment account balances.

You can read about the changes in detail in the “Your Guide to 2020 Retirement Program Changes” mailed to retirement plan participants on February 18, 2020, and learn more by viewing this 15-minute overview of the changes and transition.

There are no changes to Harvard’s retirement plan contributions, eligibility, vesting or other aspects of the plans’ designs.

On September 15, the remaining account balances with Fidelity and Vanguard will transfer to your account at TIAA and be directed to funds in the new investment lineup. There will be a blackout period to facilitate the transfer of existing investment balances from Fidelity and Vanguard to TIAA, during which you will not be able to make changes to these investments, make withdrawals, or transfer funds. The blackout period is expected to begin on September 9 at 4 p.m. (ET), and is expected to end on September 25.

Click here to learn more.