Every employee dreams of a secure, enjoyable retirement. Planning ahead financially can help you achieve your goals. Employees can build and protect their futures financial security by taking advantage of the opportunities available through Marshall University’s retirement programs. Experts estimate that individuals will need at least 70% of their annual income for each year of retirement. To build enough protection for your financial security, it is important to save as much as you can consistently over time!”
Contact a Benefits representative:
Teachers Insurance and Annuity Association
Teachers Insurance and Annuity Association is a major financial services organization with a longstanding reputation for service and value. This nationwide retirement system for people working at education, research, and healthcare institutions offers high quality investment management at expense levels that are among the lowest in the insurance and mutual fund industries. *Some current employees have been grandfathered into the State Teachers Retirement program. However, it is no longer an option for new employees.
Who is Eligible
- Full-time benefits eligible employees which are defined as below must participate in the mandated retirement plan (401(a))
- 9 month faculty: working a minimum of nine months of a twelve-month period on continuous basis
- 12 month faculty/Staff: working at least 1,040 hours (.53 Full-Time Equivalent [FTE]) per year on a continuing basis
- Non-tenure track faculty who are hired in a full-time position but who work as a temporary for one academic year or one semester
- All benefit eligible employees also have a retirement program (mentioned below) available through TIAA
- Any employee of Marshall University is eligible to contribute into the 403(b) Retirement Savings plan offered by TIAA .