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Office of Human Resources

Retirement Plans

An opportunity to invest in your future.

As part of the Total Rewards package, the University of Rochester offers different retirement programs to eligible employees.

Plans and Eligibility

403(b) Retirement Program

The University’s 403(b) Retirement Program helps you meet your retirement goals in two ways:

  • By providing a base of financial security through the Direct Contribution that the University makes on your behalf, and
  • By making it possible for you to save additional amounts on a tax-advantaged basis (Voluntary Contributions).

Get full plan details and see eligibility

Deferred Compensation 457(b) Plan

The Deferred Compensation 457(b) Plan allows eligible participants (faculty members and staff members in the Senior Leadership Career Stream) to accumulate tax-deferred savings for retirement or other financial needs beyond the limits of the 403(b) Retirement Program. With this plan, you can:

  • Save more of what you earn on a pre-tax basis.
  • Defer taxes until you take the money out.
  • Choose how contributions are invested.

Get full plan details and see eligibility

Expanded Retirement Planning Resources

As part of our commitment to your total well-being, the University of Rochester now offers MMA Prosper Wise, a new retirement
planning tool that expands financial planning resources available through the University Retirement Program. MMA Prosper Wise provides access to educational resources to help you reach your financial goals in retirement, a custom website with retirement planning tools, and the ability to meet one-on-one with a financial coach. Visit the UR MMA Prosper Wise site, and use the access code “URRetirement”. (Start typing the code, and then select it from the drop-down when signing up for the first time.)

University Direct Contribution

Effective July 1, 2025: 6.2% of eligible compensation, up to the breakpoint ($66,300), then 10.5% of eligible compensation in excess of the breakpoint, up to the IRS limit ($350,000).

About TIAA

TIAA is the financial company responsible for keeping the records and accounts of the Retirement Program and its participants. TIAA can help you enroll in and manage your participation in the program. Visit the TIAA website to:

  • Enroll
  • Change your contributions, investments, and beneficiaries
  • View investment information
  • Explore online retirement planning tools
  • Access advice/guidance

For more specific instructions, visit our Enroll or Make Changes page.

Get support from TIAA

TIAA Customer Service:
Phone: (800) 410-6497
Hours: Monday – Friday, 8 a.m–10 p.m. (ET)

Schedule a one-on-one appointment: TIAA can provide you with personalized advice through a one-on-one consultation. Visit the TIAA website to schedule your appointment at no cost.

Additional helpful resources

We’ve compiled a list of retirement tools, videos, and resources below.