Princeton University is committed to providing employees with retirement income. We offer a generous, defined contribution plan in which the University contributes a percentage of your base salary to your retirement account after each pay period. You choose how you want the University’s contributions to be distributed among a variety of investment funds offered by TIAA (Retirement Plan and Retirement Savings Plan).
You participate in the plan on the first day of the month coincident with or next following your date of hire, and you are fully vested in the plan after two and one-half years of service. If you are newly hired, you may be vested earlier due to your previous employment.
Princeton provides an optional plan to increase your retirement income. You can choose to set aside a portion of your own salary on a pretax basis into a group retirement savings plan. You are vested in this plan immediately.
Did you know?
In some circumstances, your service at a prior employer may count toward your vesting in Princeton’s Retirement Plan. Email
or call the Benefits Team at (609) 258-3302 for more information.
You can count on support from knowledgeable and responsive HR staff when you have a benefits question or problem. Just call or email us. We’re here to help!
While the University intends to continue each of the benefit plans, the University reserves the right to terminate or amend any plan, at any time, and for any reason.