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Eligibility & Enrollment

403(b) Retirement Program
Additional Plan Information

Deferred Compensation 457(b) Plan
Additional Plan Information

Employee Voluntary Contributions

Eligible individuals include:
University of Rochester Employees
(except students whose employment is incidental to their education at the University)

There is no service requirement

Automatic Enrollment: Effective July 1, 2017, newly hired or rehired, regular full-time and regular part-time faculty and staff members will automatically be enrolled to make Voluntary Contributions. More information can be found here.

Employee Voluntary Contributions

Eligible individuals include:
Faculty members or senior staff (pay grades 59, 98, and 99) of the University who meet the following eligibility requirements:

  • Scheduled to earn annual compensation3 in 2018 of at least $130,000 ($10,000 more than the IRS-specified highly compensated employee dollar limit for the year [$120,000 for 2018])
  • and
  • Are contributing the IRC maximum amount to the University 403(b) Retirement Program ($18,500 for 2018)

 

 

 

 

For complete Plan information, see the Summary Plan Description.

University Direct Contribution

Eligible individuals include:
Regular full-time and regular part-time faculty or staff members1 with 2 years of service2. Click here to submit prior service.

Time-As-Reported (TAR) staff are eligible if they satisfy the two-year service requirement2 and if they work a minimum of 1,000 hours per Plan Year (July 1 – June 30).

For complete Plan information, see the Summary Plan Description.

1 You are not eligible to receive the University’s Direct Contribution if you are a temporary employee, departmental fellow, intern, resident, fellow, postdoctoral fellow, postdoctoral research associate, postdoctoral teaching fellow, EDC associate, non-GFT clinical faculty, visiting faculty, adjunct/per session faculty, part-time assistant coach, in-house agency nurse, in-house operating room technician, leased employee, student whose employment is incidental to your education at the University, or the University treats you as an independent contractor (regardless of your actual status).

2 A year of service means a 12-month period starting with the date you commence employment and any anniversary date thereof during which you complete 1,000 or more hours of service. Service completed at any higher educational institution, teaching hospital, not-for-profit research foundation, or not-for-profit support organization for higher educational institutions, as well as service at a member of the controlled group of the University, will count towards the two-year service requirement.

3 Annual compensation for 457(b) eligibility means the current annual pay rate and the previous calendar year’s extra compensation and summer compensation.

Enrollment

TIAA can help you enroll and manage your participation in the Retirement Program.

Online:

  1. Go to TIAA.org/rochester, click “Ready to Enroll”
  2. Click “Register with TIAA” and complete online registration
  3. Click “Register with TIAA”
  4. Follow the on-screen instructions to complete your enrollment online. You will select your contributions and investment choices, and designate your beneficiary.

By phone:
Call TIAA at 800-410-6497
Hours: Monday - Friday, 8 a.m. - 10 p.m. or Saturday, 9 a.m. - 6 p.m. (ET)
(Please note that telephone enrollment requires a signature for new accounts)

Additional information about Retirement Plan enrollment and making changes can be found here.