Retirement Plans

Princeton University Retirement Plan (PURP) 

Under the Princeton University Retirement Plan, the University has been making contributions on your behalf to TIAA–CREF and/or Vanguard.
 
Upon retirement, you may elect to begin receiving a benefit from all or a portion of your accumulation, or to defer receipt until the April 1 following the calendar year in which you attain age 701/2. TIAA– CREF and Vanguard offer a range of payment options. 
 
You may also elect to provide a benefit to a designated beneficiary upon your death. In addition, a cash withdrawal of up to 100 percent of your total CREF and/or Vanguard accumulation is available if you have attained age 55.
 
Contact TIAA–CREF directly at (800) 842-2776 or Vanguard at (800) 523-1188 for additional information on payment options and for overall retirement planning assistance. 

Retirement Savings Plan 

If you participate in this plan, you made voluntary pretax contributions to Group Supplemental Retirement Annuity (GSRA) contracts, Retirement Annuity (RA) contracts or mutual funds with TIAA– CREF and/or Vanguard.
 
Upon retirement, you may elect to begin receiving a benefit from all or a portion of your accumulation, or defer receipt until the April 1 following the calendar year in which you attain age 701/2. TIAA– CREF and Vanguard offer a range of payment options. You may also elect to provide a benefit to a designated beneficiary upon your death.
 
In addition, you may receive a lump sum payment of all or a portion of your accumulation.
 
Contact TIAA– CREF directly at (800) 842-2776 or Vanguard at (800) 523-1188 for additional information on retirement income options and overall retirement planning assistance.   

Retirement Annuity Program for Monthly Employees 

Under this plan, the University made contributions on behalf of each faculty and monthly–paid staff member to Retirement Annuity (RA) contracts with TIAA–CREF until December 31, 1993.  

Pension Plan for Biweekly Payroll Employees of Princeton University 

If you were a participant in this plan and elected a deferred annuity when the plan terminated June 2000, you should contact AIG Life Insurance Company at (800) 842-3068. AIG will provide you with information about your retirement income options.
 
You can count on support from knowledgeable and responsive HR staff when you have a benefits question or problem. Just call or e-mail 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.