Eligibility
You may begin to participate as of the July 1st or January 1st following the completion of one year of service.
Contributions
Eligible faculty members may elect to contribute a percentage of their base salary. The University will match the faculty member’s contributions, to a maximum match of 1% of base salary. After three (3) years of participation, the University match will increase to a maximum of 4.5% of base salary.
Vesting in the University's contributions requires three (3) years of participation.
Investment Alternatives:
- You may allocate your and Temple's contributions between Fidelity Investments and
TIAA-CREF (Teachers Insurance Annuity Association & College Retirement
Equities Fund).
- Fidelity Investment offers a Fixed Fund through Metropolitan Life and various
mutual funds including Growth funds, Stock funds, Bond funds, Money Market
funds and Balanced funds.
- TIAA-CREF offers a Fixed Fund, a Real Estate fund, Stock fund, Money Market
fund, Bond fund, Social Choice fund, Global Equities fund, Growth fund, Equity
Index fund and Inflation-Linked Bond Fund.
- Plan Type 403(b)/401(a): Employee contributions may be pre-tax salary reductions or Roth 403(b) after-tax payroll deductions for Federal Income Tax purposes.
Please note: Employee and Temple University contributions are subject to Federal tax law
maximums for employees enrolling in the Defined Contribution Pension Plan after 12/31/1995. IRS Section 401 (a) (17) limits the amount of annual compensation that may be considered in calculating pension benefits to $230,000 in 2008.
To contact TIAA-CREF customer service, call 1-800-842-2888. For additional information,
you may also visit their website at www.tiaa-cref.org/temple.
To contact Fidelity Investments customer service, call 1-800-343-0860. For additional
information, you may also visit their website at www.fidelity.com/atwork.