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Election changes for the 403b retirement plan no longer require a paper form.  All election changes are now made online in workday.

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Election changes 403b retirement plan

  1. Log into Workday
  2. Search and select Retirement Savings Elections

    retirement savings electionsImage AddedOn your Home Page under Your Top Apps, click View all Apps,
    Image Removed click on Benefits
    Image RemovedUnder Change, click on Retirement Savings
    Image Removed


  3. Click on Edit

    current electionsImage Modified
  4. You can use the current date or set a date in the future.

  5. Click OK once you have the date you want to use.  Make your choice of how you want to contribute.

    Warning

    Important:  You must either use dollar amount or percentages.

    You will also note that the matched is grayed out and you cannot make changes.  The match is an automated calculation that is done and reflects Lynn's current match schedule. You will not see a match percentage on the benefits screen as it is an automated payroll process.


    Select savingd electionsImage Modified

  6. Once you entered your election, click Submit.  A confirmation screen will appear.


    Confirmation pageImage Modified

  7. Click Done
  8. You will be taken back to the Retirement Savings Election screen that will reflect your elections.  You will notice that if you are eligible for a match, the match appears on the confirmation screen as 0. 


    new retirement savings electionsImage Modified