TCU Employee Page
Helping TCU employees on the Road to Financial Wellness
Pension Fund offers two employer-sponsored retirement savings products for TCU employees. TCU will contribute 8% percent of salary into either of our products. You may also choose to enroll in both and contribute your own funds on a pre-tax basis. To learn more about each and which is the best fit for your retirement savings goals, read below.
A defined benefit plan, the Pension Plan guarantees a monthly retirement benefit for your lifetime (and your surviving spouse’s lifetime). This means you can never outlive your money. The Pension Plan requires 14% of salary to be contributed which would be an employer contribution of 8% and an employee contribution of 6% to make up the full 14% of salary.
Tax-Deferred Retirement Account 403(b)/Roth 403(b)
The Tax-Deferred Retirement Account 403(b)/Roth 403(b), also known as the TDRA 403(b)/Roth 403(b), is a defined contribution employer-sponsored retirement savings plan that allows eligible employees to set aside a portion of their compensation on a pre-tax basis and/or on a Roth (after-tax) basis to save for retirement. By contributing to a 403(b), participants are able choose a savings strategy that fits their plans for retirement based on how they want to be taxed, now or later.
Pension Fund, Your Partner in Financial Wellness
One of the benefits of becoming a Pension Fund member is our dedication to walking with you on the road to financial wellness. That is why we provide all our members with free access to Your Money Line.
Your Money Line is a confidential financial wellness program designed to be a friendly voice along your journey. Their team of experts are here to listen with empathy and lead you to the financial life you’ve always wanted. Additionally, you can learn and grow through their financial wellness resources, materials, tools, and assessments on the YML dashboard.
Set up a time to meet with your Area Director to get started.Schedule A Meeting
Meet Your Dedicated Area Director
If you have questions or need assistance, your dedicated Area Director, Thomas McCracken, is available by phone and email to help you get started.
For our Spanish speaking members, Raquel Collazo, is available by phone and email.