Eligibility
You may begin contributions effective the first of the month following your hire date.
Contributions
The contribution level is based on the annual Social Security Wage Base as follows:
| Source | Contributions |
Base Annual Salary |
| Employee | 4.5 % |
up to $113,700
|
+ 5.0 % |
over $113,700
|
|
| Temple | 8.5 % |
up to $113,700
|
+ 13.0 % |
over $113,700
|
Vesting in the University's contributions requires three (3) years of participation. Please click here to download the salary reduction application.
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 $255,000 in 2013.
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.