|Submission Date||Feb. 6, 2013|
Western Washington University
PAE-T2-6: Socially Responsible Retirement Plan
Does the institution offer a socially responsible investment option for retirement plans?:
A brief description of the socially responsible investment option for retirement plans:
Western Washington University offers two 403(b) retirement plans: a University Retirement Plan (WWURP) for exempt Professional Staff, Executive Officers and Faculty and a Voluntary Investment Program (VIP) for all employees.
The majority of WWU staff & faculty who are enrolled in either the WWURP or VIP are enrolled in TIAA-CREF, which offers a socially responsible investment: The CREF Social Choice Account. This account seeks a favorable long-term rate of return that reflects the investment performance of the financial markets while giving special consideration to certain social criteria. The CREF Social Choice Account, is administered by TIAA-CREF.
(The WWURP and VIP are qualified defined contribution plans under section 401(a) of the Internal Revenue Code. Vesting under the WWURP and VIP is immediate and all contributions into the WWURP are fully matched by the University. The WWURP contribution rates are based on your gross, eligible salary and are defined by your age: Under Age 35 = 5%, From Ages 36-49 = 7.5%, and age 50 and over = 10%. Within the WWURP and VIP, staff & faculty can select from three different retirement vendor options: TIAA-CREF, Fidelity, and Vanguard.)
The website URL where information about the program, policy, or practice is available:
The information presented here is self-reported. While AASHE staff review portions of all STARS reports and institutions are welcome to seek additional forms of review, the data in STARS reports are not verified by AASHE. If you believe any of this information is erroneous or inconsistent with credit criteria, please review the process for inquiring about the information reported by an institution and complete the Data Inquiry Form.