Updates to Penn’s Retirement Plans in 2025
Thanks to new retirement plan features introduced by the IRS, staff and faculty will be able to save even more money for the future and have greater access to contributions in times of need. To support your retirement savings, Penn will add these new features to the University of Pennsylvania Basic and Matching Plan and the Supplemental Retirement Annuity Plan, effective January 1, 2025.
Super Catch-Up for Ages 60-63
Plan participants who are 60-63 years old at any time in the calendar year will be able to make more contributions via the new super catch-up provision. In 2025, the super-catch up allows you to add up to $11,250 to the standard contribution limit, so participants in this age group may defer up to $34,750.
For plan participants ages 50-62 and 64+, the standard catch-up applies, which will remain at $7,500 in 2025.
2025 Contribution Limits
|
Age range
|
2025 Standard IRS Limit
|
2025 Catch-Up
|
2025 Total Limit
|
|
Ages 49 and below
|
$23,500
|
none
|
$23,500
|
|
Ages 50-62 and 64+
|
$23,500
|
$7,500
|
$31,000
|
|
Ages 60-63
|
$23,500
|
$11,250
|
$34,750
|
These IRS limits apply to your deferrals into any qualified retirement plans in 2025, not just to Penn’s plans.
To update your contribution election in TIAA’s enrollment system, enter the percentage of your base gross pay that you want to be contributed to the retirement plan each pay period. Just include the total amount you want to contribute, including any catch-up or super catch-up. You don’t need to make a separate election for the catch-up or super catch-up in TIAA’s enrollment system. For more information, please contact the TIAA Retirement Call Center at (877) 736-6738.
New Withdrawal Options
We understand that sometimes emergencies happen. New retirement plan options will go into effect in 2025 to help you in case you need additional funds.
- Loans and Hardship Withdrawals: Loans and hardship withdrawals will be permitted from the employee contribution money in the Matching Plan, as well as the Supplemental Plan. A maximum of two loans can be outstanding at any time.
- Hardship Withdrawals: Plan participants who are eligible to take a hardship withdrawal can self-certify that their need for a hardship withdrawal meets the allowable reasons. Participants won’t need to submit documentation of their need but should retain documentation in the event of questions from the IRS.
In addition to the IRS features above, Penn will make the following updates to its retirement plan withdrawal and loan provisions:
- In-Service Withdrawals
- In-service withdrawals from the Basic, Matching, and Supplemental Plans will be permitted at age 59 ½.
- In-service withdrawals of money rolled into the Matching and Supplemental Plans, as well as after-tax contributions, will be permitted regardless of age. (Note that after-tax contributions are different from Roth contributions. In-service withdrawals of Roth contributions will be permitted at age 59 ½ as noted in the first bullet point above).
Roth In-Plan Conversions Will Be Available
Roth in-plan conversions will be allowed in the Matching and Supplemental Plans. For more information about Roth in-plan conversions and their tax ramifications, please contact the Retirement Call Center at (877) 736-6738 or schedule an appointment with a TIAA retirement plan consultant at TIAA.org/schedulenow.
Help Is Available
As always, we encourage you to meet with a TIAA retirement plan consultant or other qualified financial professional to discuss how a loan and withdrawal could impact your retirement savings goals. You can ask general questions and schedule a consultation at (877) 736-6738. For more information about TIAA’s services, visit TIAA.org.
From the Division of Public Safety: Walk-Back Program
The Division of Public Safety offers the Public Safety Walk-Back Program during reading days and final exams from December 10 to December 19.
An Allied Universal public safety officer will be posted at the “Button” on Woodland Walk from 10 p.m. until 3 a.m.
Approximately every half hour, the officer will enter Van Pelt-Dietrich Library to offer walking escorts to anyone in the building. The officer will then perform the escort and return to repeat the process.
The Division of Public Safety provides this service in addition to its normal walking escort programs. Uniformed Allied Universal public safety officers provide walking escorts to all locations within the Penn patrol zone. Officers are dispatched by radio and will accompany you from one location to another, such as to your parked vehicle, to a Penn Transit stop, or to an on-campus SEPTA regional transit stop. Escorts are available 24 hours a day, 365 days a year, from 30th to 43rd Streets and from Market Street to Baltimore Avenue.
Escorts also extend west to 50th Street, and north/south from Spring Garden Street to Woodland Avenue, between 10 a.m. and midnight via Penn’s partnership with the University District Ambassador Program.
To request a walking escort, ask any public safety officer on patrol or inside a building or call (215) 898-9255 (WALK) or 511 from a campus phone. All Allied Universal public safety officers, though unarmed, maintain direct radio communications with the PennComm emergency dispatching center, and supplement the University of Pennsylvania Police Department through additional patrols and walking escorts.
For more information, visit https://www.publicsafety.upenn.edu/about/security-services/#services.
From the Division of Public Safety: Special Property Checks
Under the special checks program, DPS officers check the exterior of registered properties for signs of criminal activity or security breaches at peak travel times during Thanksgiving, spring, and winter breaks.
Winter Break: Special checks will begin on December 19 at 5 p.m. and will extend through January 14 at 3 p.m.
The program is available at no extra charge to residents in the Penn patrol zone, bounded by 30thStreet and 43rd Street and by Baltimore Avenue and Market Street.
Students, faculty, and staff who live in the patrol zone are encouraged to register their residence. Be sure to list your contact information, other occupants, landlord (if applicable), vacancy dates, scheduled repairs, and someone other than a landlord with access or a key to the property.
Penn Police will periodically check the exterior of registered properties, for signs of criminal activity or security breaches during the break.
Special checks cannot be provided for interior areas of apartment complexes.
Remember to close and lock all doors and windows before you leave and arrange for packages to be delivered elsewhere while you are away.
There is an Amazon@Penn delivery location on campus at 1920 Commons; visit www.upenn.edu/housing to learn more.
Register for a special check at https://www.publicsafety.upenn.edu/contact/propertycheck/.
From the Division of Public Safety: Winter Safety Resources & Tips
Wishing you a happy holiday season and a restful and restorative winter break!
The Division of Public Safety is committed to the safety and well-being of the Penn and West Philadelphia communities which we serve. Know that DPS maintains the same staffing level of police and security officers throughout the winter break. If you should have any concerns or see someone exhibiting suspicious behavior, call the PennComm Emergency Communications Center at (215) 573-3333.
We are here for you 24 hours a day, seven days a week. Call any time.
Special Property Checks: We offer our special property checks for residents in our patrol zone during the winter break. Under the special checks program, DPS officers check the exterior of registered properties for signs of safety or security breaches. This free program is available to all residents in the Penn patrol zone (the area from 30th Street to 43rd Street and from Baltimore Avenue to Market Street).
Walking Escort Program: Walking escorts are an excellent resource for Penn and the local community. Uniformed Allied Universal public safety officers provide free walking escorts, available 24 hours a day, 365 days a year.
Escort services also extend west to 50th Street and north/south from Spring Garden Street to Woodland Avenue between 10 a.m. and 3 a.m. via the University’s partnership with the University City District Ambassador Program. Again, anyone in the community can use these services, regardless of whether they have a PennCard.
Request a Walking Escort:
- Ask any Public Safety Officer on patrol or inside a building.
- Call (215) 898-WALK (9255) or 511 from any campus phone.
Use building and blue-light emergency phones located on and off Penn’s campus.
Also, we offer special walk backs during reading days and finals at Van Pelt Library. A Public Safety Officer will be posted at the “Split Button” on Woodland Walk from 10 p.m. until 3 a.m. from December 10-19, 2024. Approximately every half hour, the officer will enter Van Pelt-Dietrich Library to offer walking escorts to anyone in the building. The officer will then perform the escort and return to repeat the process.
While it is never the fault of the victim/survivor of a crime, there are specific patterns of criminal activity that we are mindful of during the winter holiday season. Consider these steps you can take to empower and protect yourself as you travel near and far:
Package Theft: Avoid package theft– Have a plan. Arrange to be home for delivery or have your packages delivered to a secure location.
Theft of an Occupied Vehicle: Also known as carjacking, these thefts are often crimes of opportunity. Be mindful in situations when entering and exiting your vehicle, while parking (look for well-lit areas), and when encountering double-parked vehicles or faked car accidents (fender-benders).
Pedestrian Safety: There have been some reported instances throughout University City and other areas of the city in which groups of unsupervised juveniles have committed harassment or robberies against passersby. Stay alert to your surroundings and avoid walking alone. Call Penn Police if you witness suspicious behavior or unusual congregation of adolescents.
Phone and Email Fraud: Fraud attempts may spike during the holiday season. As you filter your email and phone calls, remember that legitimate businesses and government agencies would never solicit/initiate account administration activities or ask you to provide confidential information or money via phone or email. As a reminder, malicious and misleading emails, also called “phishing” emails, are the number one way that cyber-criminals begin their attacks. Even if unsure, please call us immediately at (215) 573-3333 if you think you may have experienced such an encounter.
Awareness
- Stay alert and be aware of individuals who may be shadowing you as you travel.
- Stay off your cell phone when shopping and keep it out of view.
- Familiarize yourself with your surroundings (location, garages, parking lots, etc).
- If you encounter someone aggressively asking for money, do not engage with them; walk away–go into a business or other safe place.
- If you feel that you are being followed, walk towards a well-lit, populated area.
Shopping
- Limit the amount of cash you carry while shopping.
- Carry purses close to your body and place wallets in an inside pocket.
- Take a family member or friend with you as you conduct your holiday shopping.
Vehicles
- Have keys ready as you approach your vehicle.
- Place all packages out of view and secure them in the trunk.
- Lock the doors as soon as you get into your vehicle.
- Have a wonderful winter break, stay safe, and be well!
—Division of Public Safety
Applications for College House Fellows Requested for 2025-2026
The Offices of the Provost and College Houses and Academic Services (CHAS) invite applications for service as a college house fellow in the 2025-2026 academic year. This is a residentially-based service opportunity that carries a renewable two-year term.
Faculty applicants from all 12 of Penn’s schools are welcome to apply. The most important qualification is an enthusiastic interest in mentoring and engaging undergraduate students within the residential setting in a service role. Faculty members and full-time administrative staff at the University, involved in academic or student affairs, with a minimum of two years of experience in their current positions, are encouraged to apply.
College house fellows play a key role in connecting the houses to the larger academic community at Penn. Fellows are responsible for working with the faculty director and house director of their college house to develop each house as an educational resource that encourages intellectual inquiry, promotes academic programs in residence, fosters faculty and student interaction, and builds strong, supportive house and CHAS communities. Specific responsibilities and approaches will differ from house to house, but the general time commitment is approximately 10 hours per week.
For these highly sought-after service positions, the selection process can be quite competitive. Applicants are reviewed by the undergraduate deans, vice provost for education, deputy provost, the executive director of CHAS, the faculty director of CHAS, and selected college house community members, including faculty, staff, and students.
Information about the college houses may be found at www.collegehouses.upenn.edu. Please explore the “opportunities for faculty” section for information about the college house fellow position and application process. If you have any questions, please contact Deven Patel, faculty director of CHAS (devenp@upenn.edu) or Jen B. Ciaccio, executive director of CHAS (chas@collegehouses.upenn.edu). The application deadline is January 31, 2025.
Applications Requested for Penn Transplant Institute CTSI Pilot Grant Program
The Penn Transplant Institute’s (PTI) Center for Transplant Science and Innovation (CTSI) requests applications to the PTICTSI Pilot Grant Program. This program is intended to support new investigators and established investigators new to transplant research. CTSI and the department of surgery seek to support transplant-related basic and translational research. Pilot funding will provide initial support to establish proof of concept or extend findings to enable extramural funding and publications in the future. Cross-disciplinary research is encouraged.
Eligibility
- All eligible investigators must have faculty appointments at the University of Pennsylvania at the commencement of the award and be independent investigators. Postdoctoral trainees, supported by a faculty sponsor, are also encouraged to apply.
- Applications are welcomed from basic and translational research investigators.
- Pilot Grant eligibility is restricted to investigators located at an institution in the greater Philadelphia area.
- Applicants must be U.S. citizens or have permanent visas.
- Proposals may not describe the same specific research that is funded by other sources during the grant period.
Budget and Duration
Individual applicants may request budgets up to $75,000 in direct costs and may propose projects lasting up to 12 months. The total equipment budget must not exceed $10,000.
Application
Your electronic application submission should include the following:
- Cover page, including abstract/project summary of up to 250 words
- Biosketch for PI and collaborators
- Budget and budget justification for one year–1 page (Note: equipment exceding $10,000, travel, and PI salary are not permitted on budget; the funding maximum is $75,000).
- Specific aims, research strategy (significance, innovation, approach and preliminary studies)–up to three pages total
- References–one page
- Status of Institutional Review Board (IRB) approval for clinical studies or IACUC approval for animal use. If approvals are pending at the time of submission, they must be obtained before funding commences. Funds will not be disbursed without copies of IRB/IACUC approval letters.
- If human subjects will be participating in the proposed research, an NIH Targeted/Planned Enrollment Table needs to be completed
Post-Award Requirements
Decisions/results will be communicated to applicants in March 2025. Once a grant is awarded, the responsibilities of successful applicants include acknowledgement of Penn Transplant Institute’s CTSI support in any publications emanating from the supported project, as well as progress reports and reporting of successful and independent grant applications resulting from work supported by this pilot grant. The current award period is April 1, 2025–March 31, 2026.
- Awardees are required to inform the PTI in the event that the PTI pilot project receives external funding during the project period
- Awardees are required to present on research accomplishments at a future talk/symposium hosted by the Penn Transplant Institute
- All awardees are asked to acknowledge PTI support in all scientific posters, presentations and publications using this specific language. “Direct PTI Funding Support: This research was supported by a pilot award from the Penn Transplant Institute’s Center for Science and Innovation.”
- A final progress report is due one month after the close of the project period. The one page report should contain a synopsis of scientific progress, and a list of resulting collaborations, publications, and grants.
The application deadline is Monday, January 6, 2025 at 5 p.m. Grants will be reviewed by the CTSI Advisory Committee. For detailed information and instructions, visit https://www.med.upenn.edu/ctsi/event/.
CETLI Issues Request for Proposals for Spark Innovation Grants
The Center for Excellence in Teaching, Learning and Innovation (CETLI) has issued a request for proposals for the Spark Innovation Grant, which funds the development of new online programs in the for- and non-credit spaces, including production or instructional design costs.
This program seeks to inspire innovation, defined as either:
- Applying a pedagogical approach, deploying an instructional technology or tool, or developing a trailblazing online course or program that is new to the school and positions Penn as an innovative leader; or
- Pioneering a sustainable, replicable pedagogical approach, technology or tool, strategy, model, or other output that fundamentally changes how online education is designed and delivered at Penn.
Recipients will be eligible to receive up to $35,000. In addition to financial support, all grant recipients will have opportunities to consult with CETLI throughout the process and receive individualized marketing strategy consultation, project support, and connection to pertinent Penn resources.
Due to the nature of large projects and the scope of CETLI’s support for Spark projects, applicants must engage in a brief consultation with CETLI before submitting a proposal. CETLI recommends scheduling the consultation four to six weeks before the application deadline.
Program Details
- Goal: Support the development of new online courses or programs or experimentation and innovation in online teaching and learning.
- RFP Deadline: February 21, 2025
- Typical project length: 6 to 24 months
Email onlinelearning@upenn.edu or visit the Digital Strategies Grant Program page for more information and application instructions.
Call for Information on Penn Summer Camps and Programs
Almanac publishes a supplement early each year featuring the camps and programs taking place at Penn over the summer. It lists camps for children, teens, and young adults representing an array of activities, from academic enrichment—including anthropology, business, law, veterinary medicine, and music—to recreation and sports camps. To submit information about a camp, email almanac@upenn.edu with the following information:
- Name of camp
- Dates held (if multiple sessions, indicate dates for each)
- Age range for participants
- Short summary of the program
- Cost (note any scholarships, financial aid, or discounts)
- URL for enrollment/application forms
- Deadline to apply/enroll (if applicable)
- An email, link, and/or phone number to obtain more information.
If possible, please submit information by Monday, January 20, 2025. If additional time is needed to gather submission details, please email almanac@upenn.edu.