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Retirement Savings Plans

Tufts provides a generous university-funded retirement plan to eligible faculty and staff. If you are benefits-eligible, Tufts contributes a percentage of your salary to the 401(a) Basic Retirement Plan.

You may also choose to contribute to the 403(b) Voluntary Retirement plan, if you wish to save more for retirement.

Relevant Forms and Documents

Tufts University-Funded Plan

You are automatically enrolled in the Tufts University-Funded Retirement Plan on your date of hire if you are a benefits-eligible employee and age 21 or older. This is a 401(a) plan.

  • If you are ages 21 to 40, the university will contribute 5% of your salary up to the Social Security wage base ($127,200 in 2017), and 10% of your salary above the Social Security wage base.
  • If you are age 40 or over, the university will contribute 10% of your salary up to the Social Security wage base ($127,200 in 2017), and 15% of your salary above the Social Security wage base.

These contributions are automatically invested into funds selected by Tufts’ Retirement Investment Advisory Committee, unless you choose another option. (See Investment Fund Options.)

You are 100% vested in the Tufts University-Funded Retirement Plan once you have completed three years of eligible service.

Self-Funded Retirement Plan

You may also choose to enroll in the Self-Funded Retirement Plan to contribute your own funds toward your retirement. This is a 403(b) Voluntary Retirement plan. If you are an eligible employee, you may sign up for the Self-Funded Retirement Plan on your date of hire or the first of any following month.

  • To enroll, increase or decrease your contributions, or to change your investment choices, log into eServe. For detailed instructions on how to make a change, refer to the Updating Your 403(b) Tip Sheet.
  • You may contribute up to the IRS annual limit each year.
  • If you are age 50 or older in 2017, you are eligible for the Age 50 Catch-Up Limit and may contribute an extra $6000 for calendar year 2017, for a maximum contribution of $24,000.
  • You are always 100% vested in this retirement plan.
  • A loan provision is available under this plan.
  • You may roll over funds from other employer-sponsored qualified plans.

For More Information

If you have questions about the retirement plan fund options or need assistance choosing investments, please contact Fidelity or TIAA directly.

Fidelity Investments
1-800-343-0860
For a one-on-one consultation: 1-800-642-7131

TIAA
1-800-842-2776
For a one-on-one consultation: 1-800-732-8353

If you have questions about how to enroll, please contact Tufts Support Services (TSS) at 617-627-7000 or by email.