This is a supplemental retirement plan which provides employees with the opportunity to invest money on a before tax basis, using payroll deduction. Because your taxable income is reduced, you can invest money and defer taxes. The before tax aspect is what makes tax deferred annuities very attractive. Participants defer federal and state income tax on their contributions. In addition, interest or earnings on your account accumulates tax-deferred. No taxes are paid on the account until you begin withdrawing funds.

For more information about TIAA-CREF, please visit their home page at .

You can also contact your TIAA-CREF agent, Louis Bundy, at 504-249-4704 or email to

EGTRRA (Economic Growth and Tax Relief Reconciliation Act) of 2002 allows for the following contribution limits on tax-deferred annuities for 2018: $18,500.00 per year, plus an additional $6000.00 for participants if they will be over age 50 by the end of the calendar year of those older than 50. An additional catch-up provision may also be available for employees with 15 years of service at the university.


Call (985)549-2057 for more information.