The university offers a 403(b)/401(a) defined contribution retirement plan to eligible employees with investment through TIAA/Fidelity Investments. Contribution levels vary by job classification and/or bargaining unit agreements. For a brief description of the plan for which you may be eligible, please view the appropriate employee category listed below.

Eligible faculty and staff can enroll within 31 days of date of hire or during any open enrollment period which is every June and December.

Nonbargaining Unit Employees and Tenured/Tenure Track Faculty

Eligibility and Contributions

Full-time nonbargaining unit employees and tenured/tenure track faculty may enroll in the defined contribution retirement plan within 31 days of date of hire or during the open enrollment period every June and December. Contributions will begin on the first of the following month after enrollment.

Vesting

Three years of participation is required to be fully vested in the university’s contribution.

Breakdown of retirement contribution for employees that are not represented by a union.

Employee Contribution

University Contribution

Base Annual Salary

4.5% of base salary

Matches 8.5% of the base salary

Up to $142,800

+5.0% of base salary

Matches +13.0% of the base salary

Up to $142,800

Non-tenure Track Faculty

Eligibility

You may begin contributions effective the first of the month following hire date or during open enrollment periods every June and December.

Vesting

Vesting in the university's contributions requires three years of participation.

Contributions

Breakdown of retirement contribution for employees represented by Non-Tenure Track Faculty.

Faculty Member Contribution

NTT Participation

University Contribution

4.5% of base salary

Effective July 2017

Matches up to 7% of the base salary

BUE employees

Eligibility

You may begin contributions effective the first of the month following hire date or during open enrollment periods every June and December.

Vesting

You will be 100% vested after three years of credited service.

Contributions

No employee contribution is required.

Breakdown of retirement contribution for employees represented by BUE union.

Employee Contribution

University Contribution

No Contribution

Matches 4.25% of base salary

1% of base salary

Matches 5.25% of base salary

2% of base salary

Matches 6.25% of base salary

1199C & PTEA Employees

Eligibility

You may begin contributions effective the first of the month following hire date or during open enrollment periods every June and December.

Vesting

Vesting requires five years of participation.

Contributions

No employee contribution is required. The contribution level is based on years of participation as follows.

Beginning Jan. 1, 2007

Breakdown of retirement contribution for employees represented by 1199C and PTEA Bargaining Unit/union.

Years of Participation

University Contribution

Less than 3 years

Matches 3% of base salary

3–4 years

Matches 3.5% of base salary

5–6 years

Matches 4% of base salary

7–8 years

Matches 4.5% of base salary

Greater than 8 years

Matches 5% of base salary

Police and Security Officers (Local 511)

Eligibility

You may begin contributions effective the first of the month following hire date or during open enrollment periods every June and December.

Vesting

You will be 100% vested after three years of participation.

Contributions

No employee contribution is required. The contribution level is based on years of participation as follows.

Effective March 1, 2015

Breakdown of retirement contribution for employees represented by Police and Security Officers Local 511 union.

Employee Contribution

University Contribution

No Contribution

Matches 4% of base salary

1% of base salary

Matches 5% of base salary

2% of base salary

Matches 6% of base salary

3% of base salary

Matches 7% of base salary

4.5% of base salary

Matches 8.5% of base salary

Nurses (NATU/PASNAP)

Eligibility

You may begin contributions effective the first of the month following hire date or during open enrollment periods every June and December.

Vesting

Vesting in the university's contributions requires three years of participation.

Contributions

Breakdown of retirement contribution for employees represented by Nurses union NATU/PASNAP.

Employee Contribution

Years of Participation

University Contribution

4.5% of base salary

Less than 3 years

Match 4.5% of base salary

4.5% of base salary

3–4 years

Match 5% of base salary

4.5% of base salary

5–6 years

Match 6.5% of base salary

4.5% of base salary

Greater than 6 years

Match 8.5% of base salary

Contact Us

For questions regarding the defined contribution retirement savings plan, call 215-926-2270 or email retirement@temple.edu.