Enrolling in a retirement savings plan is easy. Review this information to learn how you can start saving today.
Tax-Deferred Account (TDA): Enroll At Hire
Get started right away by taking advantage of the Tax-Deferred Account (TDA) of the SCRP, which allows you to start saving a percentage of your salary on a before-tax basis. The TDA is designed to give employees an immediate vehicle for retirement savings. You may enroll in the TDA after you receive your first paycheck.
Contributory Retirement Account (CRA): Enroll After One Year
Celebrate your one-year anniversary at Stanford by enrolling in the Contributory Retirement Account (CRA) of the SCRP. This account is a flexible and robust savings tool that allows you to contribute a percentage of your salary on either a before-tax or after-tax basis. After one year of service, you will be eligible to receive two types of university contributions, basic and matching contributions.
Whether or not you enroll, Stanford rewards you with a basic contribution based on your salary and years of service. And, if you enroll and make contributions of your own, you become eligible for matching contributions from Stanford. Over time your contributions, plus Stanford's basic and match contributions, add up to a powerful savings tool.
Auto-Enrollment
When Contributions Start
PAY PERIOD
|
Deadline to Enroll or Change Contribution | When Contributions Begin |
---|---|---|
1st through the 15th of that month |
5 p.m. P.S.T. on the 10th of the month. NOTE: If the deadline day falls on a holiday or weekend, the deadline is the prior business day. |
On the paycheck issued on the 22nd of the month |
16th through the end of that month |
5 p.m. P.S.T. on the 25th of the month. NOTE: If the deadline day falls on a holiday or weekend, the deadline is the prior business day. |
On the paycheck issued on the 7th of the following month |