Family Fun Day
Bring your kids to USF for Young Minds at Work on June 17! RSVP »
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
Staff Performance Appraisals Thursday,
April 30
Service & Merit Awards Ceremony
Tuesday, May 5

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 ($118,500 in 2015), and an amount equal to 12% above the Social Security wage base up to an annual maximum ($265,000 in 2015).
  • 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. If your employment ends before three years, all employer contributions will revert back to the University. 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
View schedule and RSVP
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
*All times are Pacific Time
Online Visit