For the Summary Plan Description, click here.
The University of Dallas Employee Retirement Program is provided exclusively by the
Teachers Insurance Annuity Association-College Retirement Equities Fund (TIAA-CREF),
the nation's largest private retirement company. Founded to serve the retirement needs
of higher education faculty and staff, TIAA-CREF offers a wide range of investment
options designed to realize growth of capital and minimize risk.
Regular employees that have worked at least 19 hours per week for twelve continuous
months are eligible to receive retirement plan contributions. The University contributes
an amount equal to 2% of the employee's salary to his/her TIAA-CREF account whether
or not the employee makes a contribution. If the employee elects to contribute to
his or her retirement account, the University will match the employee's contribution
up to a 4% maximum match, for a total University contribution of 6%.
Employees may contribute more than 4% of their salary, up to the IRS maximum.
The University's contribution begins after one year of employment, unless the new
employee is already a participant in a previous higher education employer sponsored
retirement plan, in which case, the contribution begins the first month of employment.
Employees may begin making individual contributions the first month of employment.
Employee contributions are made on a pre-tax basis.
All contributions are vested immediately. However, contributions and earnings must
remain in the account until the employee is no longer employed by the University of
Supplemental Retirement Accounts are offered through TIAA-CREF as well. Contact the
Office of Human Resources for more information.
Terminating Your Employment