The Intranet of Franklin Pierce University
Franklin Pierce University
Human Resources Department
Retirement / Pension Program
For benefit related questions, please contact the Benefit Specialist
Retirement 403(b) / Pension Program
Franklin Pierce University Retirement Plan is a defined contribution plan that operates under Section 403(b) of the Internal Revenue Code. This plan provides retirement benefits for participating employees. Benefits are provided through Teachers Insurance and Annuity Association and the College Retirement Equities Fund (TIAA-CREF). To qualify you must have one year of service at an institution of higher education and then be at least 21 years of age at the time of your eligibility. The plan provides immediate vesting at 100%.
For the purposes of calculating the Employer Contribution to be made on behalf of a faculty member covered by the Rindge Faculty Federation American Federation of Teachers, AFL-CIO Collective Bargaining Agreement, the provisions of that agreement shall govern.
Employees may also participate in a tax-deferred annuity plan through either TIAA-CREF. Plan contributions shall be held for the exclusive benefit of the participant.
This form is to be completed by employees on-line.
Voluntary Tax-Deferred Annuity Plan
For employee contributions, complete the Salary Reduction Form to indicate contribution amounts. Amounts cannot exceed statutory limitations under IRC Section 415 or Section 402(g), whichever is less. For employees aged 50+, this amount will include any additional catch up contribution permitted under IRC 414(v).
Financial Education Links:
TIAA-Cref offers employees the opportunity to access on-demand webinars to take an in-depth look at how you can improve your financial know-how. These are free to watch at any time. Visit the Financial Essentials Workshops & Webinars page www.tiaa-cref.org
Tools and Calculators - to assist you with retirement planning and goal evaluation.