Officers - University Retirement Plan
The University makes contributions to the Retirement Plan for Officers of Columbia University (the Plan) for you as soon as you become eligible.
Note: If you do not select investment funds for the Plan, your contributions will be invested in the appropriate Qualified Default Investment Alternative (QDIA) with TIAA and Vanguard. You may change your investment fund options at any time. If you do not select an investment carrier, your funds will be invested with Vanguard.
- You are eligible if you are a benefits-eligible Officer of the University. Certain pay grades have a two-year waiting period before contributions begin
- The University makes core contributions on your behalf based on your age and service with Columbia University. Core contributions are made even if you don’t contribute to the VRSP.
- You have a wide range of funds to choose from for investing the University’s core and matching contributions through the carrier you select, either TIAA or Vanguard.
- You are always 100% entitled to the value of Columbia University’s matching (if applicable) and core contributions.
It is your responsibility to ensure your annual contributions do not exceed the IRS limit for the calendar year. If you have contributed to another qualified pre-tax retirement plan this year, be sure to review those contributions so you can elect the appropriate per-paycheck percentage.