Retirement Plans

Princeton University is committed to providing employees with retirement income. We offer a generous, defined contribution plan in which the University contributes a percentage of your base salary to your retirement account after each pay period. You choose how you want the University’s contributions to be distributed among a variety of investment funds offered by TIAA  (Retirement Plan and Retirement Savings Plan). 

You participate in the plan on the first day of the month coincident with or next following your date of hire, and you are fully vested in the plan after two and one-half years of service. If you are newly hired, you may be vested earlier due to your previous employment. Princeton provides an optional plan to increase your retirement income. You can choose to set aside a portion of your own salary on a pretax basis into a group retirement savings plan. You are vested in this plan immediately.  

For additional information, contact Human Resources.

Members of the faculty (excluding visitors) whose duty time is 50 percent or greater for appointments of five months or more are eligible to participate in the benefit described above. These summaries are for general information only. The University intends to continue each of the benefit plans but reserves the right to terminate or amend any plan at any time and for any reason. Any inquiries concerning details of the benefit plans listed here should be addressed to the Office of Human Resources, 1 New South Building, (609) 258-3300. More detailed information can also be found on the Human Resources website.

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