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Defined Contribution Plan for Non-Tenure Track Faculty

 

Eligibility

You may begin to participate as of the July 1st or January 1st following the completition of one (1) year of service.


Contributions

The University will match the faculty member's contributions as follows:

Years of Participation
Beginning January 1, 2009
Faculty Member Contribution
Temple University Contribution
One Year of Participation.
3.0%
3.0%
Year Two of Participation.
4.0%
4.0%
Year Three of Participation and Thereafter.
4.5%
4.5%

Vesting in the University's contributions requires three (3) years of participation. Please click here to enroll in the Defined Contribution Plan.


Investment Alternatives:

  • You may allocate Temple's contributions between Fidelity Investments and
    TIAA-CREF (Teachers Insurance Annuity Association & College Retirement
    Equities Fund).
  • Both Fidelity Investments and TIAA-CREF offer a wide choice of investments. The investment choices include a variety of growth, stock, bond, money market, balanced, and fixed interest funds.
  • 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 $260,000 in 2014.

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.

 

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