Reinstatement of the 403(b) Match
As announced in President Liebowitz’ letter “Update on FY’22 Budget” on April 27, 2021, the university matching retirement contribution will be reinstated for faculty and staff on July 1.
The following Q&A is intended to clarify 403(b) contribution process.
What happens to my 403(b) Employee Basic contributions when the suspension is lifted?
What is the University Matching Contribution?
What happens to my 403(b) Supplemental contributions when the suspension is lifted?
How much am I able to contribute to the 403(b) Retirement Savings Plan?
How can I update my contribution percentage?
I met the one-year service requirement during the suspension. Will I receive the matching contribution?