USF offers both a Defined Contribution Plan: 401(a), and a Voluntary Retirement Plan: 403(b). The 401(a) is provided through TIAA-CREF and 403(b) is provided through TIAA-CREF and/or Fidelity Investments.
See below for more information about these plans:
Defined Contribution Plan 401(a)
Voluntary Retirement Plan 403(b)
Retirement Plan Fees
Every year, Participant Disclosure Notice(s) are required to be sent to all eligible employees for the University’s 401(a) and 403(b) retirement plans to help you make informed decisions about your investment options.
Read on to find out what is included in these disclosure notices.
Click here to go directly to the disclosure notices on the Benefits Compliance Information webpage.
403(b) Salary Reduction
On October 31, 2013, the Internal Revenue Service announced cost-of-living adjustments affecting dollar limitations for pension plans for tax year 2014. However, for employee contributions to the University's 403(b) plan, there is no change from the 2013 contribution limits which are as follows:
- If you are under age 50 in 2014, you may contribute up to $17,500
- If you are are 50 or older in 2014, you may contribute up to $23,000
If you are interested in changing your contribution amount please click here for the form.
Emeriti Retiree Health Solution
The Emeriti Health Account offers a tax-advantaged way to save, invest and accumulate assets to pay for healthcare expenses in retirement for full-time faculty/librarians and non-union staff.
For more information click here or visit www.emeritihealth.org
or call (866) 685-6565.
Medicare is the federal health insurance program for individuals age 65 and over. Please review “Medicare and You” by clicking here.
Additional information can be found on the Social Security Administration website or by contacting your local Social Security Administration office.