Retirement and Life Insurance

  • Eligible Faculty and Administrators are required to contribute 5% of base pay into the Fordham University Retirement Plan to receive a University match contribution. This 5% mandatory contribution will begin when an employee reaches of one year of service and age 30 and will automatically be made to the TIAA default investment fund, which can be changed at any time by the employee on Retirement@Work.

    The University will also make a contribution of 5% on the portion of compensation equal to or less than the Social Security Earnings Base and 10% on any compensation above the Social Security Earnings Base. Upon the completion of five years of service, the University‚Äôs contribution into the Retirement Plan will increase to 11%.

     

  • Eligible Local 153 employees are not required to contribute towards the Fordham University Retirement Plan.

    The University will contribute 5% of the employee's base pay towards the Retirement Plan upon the completion of two years of service.

    Upon the completion of 3 years of service, the University contribution will increase to 5.25% and upon the completion of five years of service, the University contribution will increase to 6.25% of base pay into the Fordham University Retirement Plan.

    In addition, Local 153 employees may receive an increased maximum contribution of 7.75% from the University, provided the employee elects to contribute 1.50% of their base pay into the Fordham University Retirement Plan.

     

  • Eligible Local 810 employees receive a University contribution of 5% of the employee's base pay towards the Fordham University Retirement Plan after the completion of two years of service.

    Upon the completion of five years of service, the University contribution will increase to 6% into the Retirement Plan.

    In addition, Local 810 employees may receive an increased maximum contribution of 9.5% from the University, provided the employee elects to contribute 3.5% of their base pay into the Fordham University Retirement Plan.

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