UToledo Human Resources

Vacation & Sick Rollover to 403b & 457b

Can You Rollover Your Sick/Vacation Pay to your 403b or 457b when you retire?

Yes, you may rollover these funds into a 403b or 457b account. You will need to ensure you have the account set up with one of our approved vendors. This addition is subject to the yearly total maximum contribution. In order to ensure this rolls over properly, please enter the contribution amount you want rolled over into Retirement@Work or through Ohio Deferred Compensation, the day after your last regular pay. This will ensure it goes on your final vacation payout which is estimated to be around a month after your last regular pay.

Estimating Your Amount of Vacation/Sick Pay you will Receive

You can find this information by logging into MYUT’s Employee Self-Service Dashboard.MyUT Portal Snip of Employee Dashboard

The Employee dashboard will have vacation and sick leave. Please refer to the sick leave policy on how many hours payable you will have. Calculate from here your hourly rate times the amount of hours to get your total that you will be getting paid.Employee Dashboard View

403b

Log into your Retirement@Work login and click on the set up contributions tab. If you do not have this set up navigate to our Retirement Systems webpage and click on the voluntary 403b & 457b tab.

Retirement@Work View of Setting up Contributions

Place the $ amount you calculated into the box.
The Roth source can be chosen at this point.

Snip of how much to contribute view

Choose when you will like to contribute. This is vitally important on timing. We suggest you enter this the day after your Last Regular Pay. If you would like to enter a future date, now is the time to click that.

Snip view of Retirement@Work When you want to start contributing

Ensure you place the percentage with the vendor you wish to contribute to.

Retirement@work Percentage view

On the final page make sure you click you have read and accepted the terms and conditions and then confirm your request at the bottom. DO NOT MISS THIS STEP.

Final view of Retirement@work selection updates

457b

Call Ohio Deferred Compensation to get everything set up 877-644-6457. *Reminder* timing is important.

Last Updated: 7/15/24