Northeastern provides a comprehensive retirement program for benefits-eligible faculty and staff. The Northeastern retirement program offers a Basic Retirement Plan and a Supplemental Retirement Plan to help faculty and staff build retirement savings for a secure financial future. Contributions to both plans are made using pre-tax dollars. As a result, while saving for their financial future, employees are also saving money on taxes today. Both plans offer a diverse selection of investment options through Fidelity Investments and TIAA-CREF.
The investment funds offered through the program are regularly reviewed as part of the ongoing oversight of our plan. As part of the recent review and in light of regulatory changes that impact 403(b) retirement plans, the University is introducing a new investment fund line-up, effective December 2, 2013. The new line-up provides a variety of high-quality investment options including:
In addition, a self-directed brokerage window will be available for investors who want additional flexibility and may be interested in taking a more hands-on approach in directing their retirement investments.
Now is a great time to review your portfolio. The Fidelity Transition Guide and TIAA-CREF Transition Guide, mailed to homes, are valuable resources. Webinars provided by Fidelity and TIAA-CREF describe the changes and answers many questions.
Finally, for more information about the transition to the new investment line-up and the self-directed brokerage window, please review the Frequently Asked Questions (PDF).
Faculty and staff may invest all of their contributions in one investment company, or they can split their investments between TIAA-CREF and Fidelity Investments in multiples of 25 percent. Fee disclosure information is available by clicking here (PDF).
To arrange an appointment with a Counselor from Fidelity and/or TIAA-CREF please contact them directly at: