Group Supplemental Retirement Annuity (GSRA)
The Group Supplemental Retirement Annuity (GSRA) is available to all URI employees who are eligible for benefits.
Retirement investing is long term so consider participating in a tax-deferred plan:
- A GRSA allows you to reduce your taxable income and create additional savings for retirement. This plan is available to employees with either a BOG 403(b) retirement, no retirement, or employees who participate in the Employees Retirement System of RI (ERSRI). You only need to be eligible for benefits in order to participate. A minimum contribution of 1% of your salary is required. You may also contribute up to the maximum allowed by law.
- A packet of information on GRSA from TIAA-CREF, AIG Valic, and MetLife is available from URI Employee Benefits by calling 874-2921, 874-9054 or 874-2778.
- A yearly calculation from your retirement company is strongly recommended so that your contribution is maximized without exceeding IRS limits.
Forms
- PF-15 (to start a GSRA)
- PF-16 (to change your contribution or cancel your GSRA)
- PF-14 (to start an RA)
