Saving for Retirement

Columbia University’s Retirement Programs help employees plan for the future and provide a foundation of retirement income in addition  to personal savings, investments and Social Security benefits.

The average retiree will need to replace 70% - 80% of annual income in retirement. Saving while you work is important for your long-term financial well-being. It’s up to you to take an active role in planning and saving for your future. 


One-on-One Consultation Sessions

All Columbia faculty and staff are eligible to register for a one-on-one retirement consultation, either in person at Columbia or over the phone.

You will need all your investment account statements, including any retirement investments outside of the retirement plans and your most recent Social Security statement, if available.

A consultant will use this information to understand your current financial situation and develop an action plan. To schedule a session, go to:

Retirement by Employee Groups

Learn more about the retirement savings opportunities available for your specific employment group.

Officers Hired Before July 1, 2013

Officers hired before July 1, 2013 can review what saving options are available.

Support Staff

Support Staff can review their collective bargaining agreement to see what retirement benefits are available.

Officers Hired After July 1, 2013

Officers hired after July 1, 2013 can review what saving options are available.

Student Employees

Student employees may be eligible to participate in the Voluntary Retirement Savings Program.

Clinical Providers

Clinical Providers are able to participate in the Officers Retirement Plan and Voluntary Retirement Savings Program.

Disclaimer

This website summarizes certain features of the Voluntary Retirement Savings Plan (VRSP) and the Officers’ Retirement Plan. The information provided is only an overview of these plans and is not intended to provide full details, which are contained in the official plan documents. If any statements on this website or verbal representations are inconsistent with the official plan documents, the official plan documents will always govern. Columbia University reserves the right to change or terminate any plan, at any time, for any reason. This is in no way intended to imply a contract of employment or a guarantee of returns on savings and investments.