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 introduced an investment fund line-up, on December 2, 2013. The line-up provides a variety of high-quality investment options including:
In addition, a self-directed brokerage window isavailable for investors who want additional flexibility and may be interested in taking a more hands-on approach in directing their retirement investments.
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).
In accordance with the IRS, in 2015, you may contribute up to $18,000; individuals over 50 are eligible for an additional contribution of $6,000.
To arrange an appointment with a Counselor from Fidelity and/or TIAA-CREF please contact them directly at: