{"id":9236,"date":"2019-11-15T21:31:54","date_gmt":"2019-11-16T02:31:54","guid":{"rendered":"https:\/\/www.rochester.edu\/human-resources\/?page_id=9236"},"modified":"2026-07-16T14:36:09","modified_gmt":"2026-07-16T18:36:09","slug":"retirement-plans","status":"publish","type":"page","link":"https:\/\/www.rochester.edu\/human-resources\/benefits\/retirement-plans\/","title":{"rendered":"Retirement Plans"},"content":{"rendered":"","protected":false},"excerpt":{"rendered":"","protected":false},"author":6,"featured_media":0,"parent":176,"menu_order":1000,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"footnotes":"","_members_access_role":[],"_members_access_error":""},"class_list":["post-9236","page","type-page","status-publish","hentry"],"acf":{"lead_in":"","display_title":"Retirement Plans","subtitle":"An opportunity to invest in your future.","call_to_action":"","hero_image_placement":"right_image","hero_media":"images","hero_pattern_option":"","hero_video":"","hero_image_landing":"","hero_image_landing_two":"","hero_image_landing_three":"","content_modules":[{"acf_fc_layout":"text","anchor":"","css_class":"mb-0 pb-0","title":"","content":"As part of the Total Rewards package, the University of Rochester offers different retirement programs to eligible employees.","background_color":"#ffffff","width":"width-medium"},{"acf_fc_layout":"text","anchor":"","css_class":"","title":"<h2>Plans and Eligibility<\/h2>","content":"<h3><strong>403(b) Retirement Program<\/strong><\/h3>\r\nThe University's 403(b) Retirement Program helps you meet your retirement goals in two ways:\r\n<ul>\r\n \t<li>By providing a base of financial security through the Direct Contribution that the University makes on your behalf, and<\/li>\r\n \t<li>By making it possible for you to save additional amounts on a tax-advantaged basis (Voluntary Contributions).<\/li>\r\n<\/ul>\r\n<a class=\"button button--blue\" href=\"https:\/\/www.rochester.edu\/human-resources\/benefits\/retirement\/planning-eligibility\/403b-retirement-plan\/\">Get full plan details and see eligibility<\/a>\r\n<h3><strong>Deferred Compensation 457(b) Plan<\/strong><\/h3>\r\nThe 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:\r\n<ul>\r\n \t<li>Save more of what you earn on a pre-tax basis.<\/li>\r\n \t<li>Defer taxes until you take the money out.<\/li>\r\n \t<li>Choose how contributions are invested.<\/li>\r\n<\/ul>\r\n<a class=\"button button--blue\" href=\"https:\/\/www.rochester.edu\/human-resources\/benefits\/retirement\/planning-eligibility\/deferred-compensation-457b-plan\/\">Get full plan details and see eligibility<\/a>\r\n<h3><b>MMA Prosper Wise - Retirement Planning Resource<\/b><\/h3>\r\nAs part of the University of Rochester\u2019s commitment to your total well-being, MMA Prosper Wise is a retirement planning tool available to support you at every stage of your financial journey.\r\n\r\nMMA Prosper Wise is a comprehensive retirement planning resource that gives you:\r\n<ul>\r\n \t<li><b>One-on-one access to a financial coach<\/b>, so you can plan confidently\u00a0for retirement<\/li>\r\n \t<li><b>Easy-to-understand educational tools<\/b>\u00a0to help you set and reach your financial goals<\/li>\r\n \t<li><b>A personalized online experience<\/b>\u00a0with interactive planning tools tailored to your needs<\/li>\r\n<\/ul>\r\nVisit the\u00a0<a href=\"https:\/\/ur.mmaprosperwise.com\/\"><b>UR MMA Prosper Wise site<\/b><\/a>\u00a0and follow the instructions to create your account.","background_color":"#ffffff","width":"width-medium"},{"acf_fc_layout":"interstitial","anchor_id":"","classes":"mt-35","layout":"layout_inline","lead-in":"","title":"University Direct Contribution","content":"Effective July 1, 2026: 6.2% of eligible compensation, up to the breakpoint ($67,600), then 10.5% of eligible compensation in excess of the breakpoint, up to the IRS limit ($360,000).","call_to_action":"","bg_color":"#ffc70a"},{"acf_fc_layout":"text","anchor":"","css_class":"","title":"<h2>About TIAA<\/h2>","content":"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 <a class=\"u-link-external\" href=\"https:\/\/www.tiaa.org\/public\/tcm\/Rochester\" target=\"_blank\" rel=\"noopener noreferrer\">TIAA website<\/a> to:\r\n<ul>\r\n \t<li>Enroll<\/li>\r\n \t<li>Change your contributions, investments, and beneficiaries<\/li>\r\n \t<li>View investment information<\/li>\r\n \t<li>Explore online retirement planning tools<\/li>\r\n \t<li>Access advice\/guidance<\/li>\r\n<\/ul>\r\nFor more specific instructions, visit our <a href=\"https:\/\/www.rochester.edu\/human-resources\/benefits\/retirement-plans\/enroll-or-make-changes\/\">Enroll or Make Changes page<\/a>.\r\n<h3>Get support from TIAA<\/h3>\r\n<strong>TIAA Customer Service:<\/strong>\r\nPhone: (800) 410-6497\r\nHours: Monday - Friday, 8 a.m\u201310 p.m. (ET)\r\n\r\n<strong>Schedule a one-on-one appointment: <\/strong>TIAA can provide you with personalized advice through a one-on-one consultation. <a class=\"u-link-external\" href=\"https:\/\/shared.tiaa.org\/public\/publictools\/events\/meetingatworkplace?employerId=1-49FY-1\">Visit the TIAA website<\/a> to schedule your appointment at no cost.","background_color":"#ffffff","width":"width-medium"},{"acf_fc_layout":"text","anchor":"","css_class":"","title":"<h2>Additional helpful resources<\/h2>","content":"We've compiled a list of retirement tools, videos, and resources below.\r\n<ul>\r\n \t<li><a href=\"https:\/\/www.rochester.edu\/human-resources\/andy\/#\/intro\">Andy interactive retirement program tool<\/a>: Not supported by IE 8 and older.<\/li>\r\n \t<li><a class=\"u-link-external\" href=\"https:\/\/event.on24.com\/wcc\/r\/5389187\/80FFC8E0BEAA8A318EAAEBFB5F623C42?mode=login\">Get a head start<\/a>: Learn about the 403(b) Retirement Program and the importance of saving for retirement.<\/li>\r\n \t<li><a class=\"u-link-external\" href=\"https:\/\/www.tiaa.org\/public\/offer\/insights\/tools-calculators\">TIAA tools &amp; calculators<\/a>: TIAA's online tools can help you answer many important financial questions such as how to create a budget and how to calculate your needs for retirement.<\/li>\r\n<\/ul>","background_color":"#f4f4f4","width":"width-medium"}]},"yoast_head":"<title>Retirement Plans | Office of Human Resources | University of Rochester<\/title>\n<meta name=\"description\" content=\"Information from the University of Rochester&#039;s Human Resources department related to retirement planning and plan eligibility for employees.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.rochester.edu\/human-resources\/benefits\/retirement-plans\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Retirement Plans | Office of Human Resources | University of Rochester\" \/>\n<meta property=\"og:description\" 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