Benefits

Retirement Plans

Invest in your financial future by taking advantage of the University's retirement and deferred compensation plans. Experts estimate that you will need at least 70% of your annual income for each year of retirement. To build a sufficient nest egg, it is important to save as much as you can consistently over time. It is never too early, or too late, to save for your retirement. 

You can get started right away by enrolling in the Supplemental Retirement Program ("SRP"). Depending on your job classification, you also will enjoy University contributions to your retirement savings through the University's mandatory retirement plans.

Faculty
  • Supplemental Retirement Program
  • Contributory Retirement Plan
Other Academic Appointees
  • Supplemental Retirement Program
  • Contributory Retirement Plan
Highly-Compensated Staff
  • Supplemental Retirement Program
  • Contributory Retirement Plan
Regular Staff
  • Supplemental Retirement Program
  • Retirement Income Plan for Employees
  • Pension Plan for Staff Employees

Each retirement plan is described in detail in a Summary Plan Description ("SPD") or other document that is easily accessed from the "Related Documents" section. We encourage you to read each SPD to learn more about the plans that are available to you.

To help you with your questions about saving for retirement, TIAA-CREF and Vanguard provide free financial counseling on campus throughout the year. Representatives from both companies are available to discuss personal financial planning, investment strategies, portfolio reviews and retirement education. Your spouse or partner is welcome to attend your meeting.    

To Schedule a Counseling Appointment

TIAA-CREF tiaa-cref.org/moc  800.732.8353
Vanguard meetvanguard.com  800.662.0106 ext. 14500

The investment companies also offer online tools to help you choose investment funds, decide how much to save, and manage your retirement account. We hope you will take advantage of the services offered by both TIAA-CREF and Vanguard.