GoRelax Challenge_cobra
Thank you for participating in the GoRelax Challenge!
The Run Wild San(ta) Francisco 5k race is Sunday, November 30!
2014 Pride Banner
USFers participate in the 2014 Pride Parade
Arts and Sciences MM
Staff from Arts & Sciences Enjoy a Meaningful Mile Walk
Human Resources - Room 339, Lone Mountain Main
Human Resources - Room 339, Lone Mountain Main
2014 Family Fun Day
Family Fun Day 2014 was a huge success!
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Run Wild SF was a success! Read more »
USF is closed Dec. 24, 2014 - Jan. 1, 2015

Defined Contribution Retirement Plan 401(a)

How will you pay for expenses when you stop working? The employer-funded defined contribution plan 401(a) helps you save now for future living expenses. It’s an important way to help with future financial health!

Here’s how it works:

  • The University contributes an amount equal to 10% of your salary up to the Social Security wage base ($117,00 in 2014), and an amount equal to 12% above the Social Security wage base up to an annual maximum ($260,000 in 2014).
  • You choose how to invest your money. If you do not make a selection, the default investment option is the LifeCycle Fund closest to the year you turn age 65.
  • Your account grows tax-free through the University’s contribution and becomes taxable at distribution. It can also grow through returns on the investments you choose.
  • You are vested after three years of service with USF, meaning that the money is yours. Previous vesting status or years of service at a non-profit organization or higher education institution may be credited toward USF’s vesting requirement.

Take the time to establish and monitor your financial goals at least annually by scheduling an appointment with a TIAA-CREF representative. Here’s how:

One-to-one   Meet with a TIAA-CREF financial consultant on campus
Set up an appointment by visiting www.usfca.edu/hr/benefits/financialplanning
Phone Call (800) 842-2252
Monday through Friday from 5:00 am to 7:00 pm
Saturday from 6:00 am to 3:00 pm (Pacific Time).
Online Go to www.tiaa-cref.org/usfca