USF offers both a Defined Contribution Plan 401(a) and a Voluntary Retirement Plan 403(b). The 401(a) is provided through TIAA-CREF, and the 403(b) is provided through TIAA-CREF and/or Fidelity Investments.
Retirement Plan Fees
Every year, Participant Disclosure Notice(s) are required to be sent to all eligible employees for the University’s 401(a) and 403(b) retirement plans to help you make informed decisions about your investment options.
Read more about what is included in these disclosure notices.
You can access the disclosure notices from the Benefits Compliance Information webpage.
403(b) Salary Reduction
On October 31, 2013, the Internal Revenue Service announced cost-of-living adjustments affecting dollar limitations for pension plans for tax year 2014. However, for employee contributions to the University's 403(b) plan, there is no change from the 2013 contribution limits, which are as follows:
- If you are under age 50 in 2014, you may contribute up to $17,500
- If you are are 50 or older in 2014, you may contribute up to $23,000
If you are interested in changing your contribution amount, please complete and return to HR the Salary Reduction Agreement.
Emeriti Retirement Health Plan
The Emeriti Retirement Health Plan offers a tax-advantaged way to save, invest and accumulate assets to pay for healthcare expenses in retirement for full-time faculty/librarians and non-union staff. Click here to read about Emeriti Retirement Health Plans and Benefit Features for 2015.
For more information, review the Emeriti Plan Highlights, visit www.emeritihealth.org,
or call (866) 685-6565.
Medicare is the federal health insurance program for individuals age 65 and over. Please review the Medicare and You handbook for detailed information.
Additional information can be found on the Social Security Administration website or by contacting your local Social Security Administration office.