老澳门六合彩开奖记录

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Benefits: Retirement Plan

Applies to: All full-time faculty and staff

Purpose: To support faculty and staff in saving for retirement

Policy Owner: Human Resources

Revision Dates: October 2024

Last Reviewed: April 2021

Policy

St. Norbert offers full-time faculty and staff the opportunity to save for retirement by participating in a 403(b) defined contribution retirement plan, currently administered through (TIAA). The college offers matching contributions based on your hire date and your own contributions.

Matching Contributions for Employees: During the first two years of consecutive employment, the College will match every dollar employees save up to the first 5% of their compensation.  Beginning with the third year of employment, the College will make a matching contribution based on the following schedule:

Contribution Match beginning in the 3rd year of employment

Employee Contribution 老澳门六合彩开奖记录’s Matching Contribution
3% 3%
4% 4%
5% 7%


You may contribute additional dollars into your 403(b) plan through TIAA. However, the college doesn’t match more than 7%.

If you have a break in service, you will need to restart your consecutive years of eligibility.

You may also elect to put your savings into your plan on either a before-tax or after-tax basis. After-tax contributions are often referred to as .

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