Retirement

Through our partnership with TIAA, Clarkson University offers a comprehensive retirement benefit to eligible employees. This plan is designed to support long-term financial security by providing opportunities for tax-advantaged retirement savings and investment growth. 

Mandatory Retirement Plan

• Mandatory participation begins on the first day of the month after the completion of two full-time consecutive years of service
• Employees and the University each make bi-weekly contributions based on a set percentage of the employee's regular salary

Voluntary Retirement Contributions

In addition to the core retirement plan, new hires at Clarkson University have the option to enroll in a Supplemental Retirement Plan which allows for additional retirement savings on either a pre-tax or post-tax basis:

•  Supplemental Plan Options:
  • Pre-Tax (Traditional) Contributions
  • Post-Tax (Roth) Contributions
    
    To set up a voluntary contribution, please visit  www.tiaa.org/clarkson and follow the instructions for enrollment. 

Waiver of Two-Year Retirement Plan Waiting Period 

New employees may be eligible for immediate participation in Clarkson University's retirement plan if the following conditions are met: 

• The employee's immediately preceding employer was a not-for-profit institution of higher education, and
• The employee was vested in the retirement plan of that prior employer. retirement benefit
  
  Verification of prior service and vesting status is required to determine eligibility for this benefit.