ҹɫÊÓÆµ

Retirement Plans

The University sponsors a 403(b) retirement program through TIAA.Ìý

Employees select the investment mix for their retirement plan(s). Employee and University (if eligible) contributions are 100% vested.Ìý

Defined Contribution Plan

Eligibility: Requires two years of eligible service with ҹɫÊÓÆµ, requirement may be waived with prior service credit*

Employee Contribution (required): 2% of base salary (cannot contribute more than 2% to this specific plan)

University Contribution:

  • up to 5 years: 5%
  • 5+ years: 7%

*Prior service credit toward the two-year waiting period:

  • Credit may be applied for those who taught 22 or more credit hours at other institutions of higher education during the previous 12-month period immediately prior to joining ҹɫÊÓÆµ. This would credit 1 year of the 2 year waiting period.
  • Credit may be applied for those who worked at least 1,500 annual hours at other institutions of higher education during the previous 12-month period immediately prior to joining ҹɫÊÓÆµ. This would credit 1 year of the 2 year waiting period.

If consecutive time was taught or worked at other institutions of higher education, the second year of the 2 year waiting period may be waived.
A Prior Service Record form is required for waivers and can be obtained from the Human Resources Benefits office or by emailing BenefitsHR@naz.edu.

Supplemental Retirement Plan

·¡±ô¾±²µ¾±²ú¾±±ô¾±³Ù²â:ÌýAvailable upon employment or transfer to eligible employment class; staff, faculty, adjuncts who are full time and part time.

Employee Contribution: Any percentage of base pay; contributions subject to IRS annual limits. Employees may change their contribution at anytime for the next payroll cycle. A Salary Reduction Agreement form can be obtained from the Human Resources Benefits office or by emailing BenefitsHR@naz.edu.

University Contribution: The University does not make contributions to the Supplemental Retirement Plan.

Additional Information: Employees who are eligible to make contributions to the Defined Contribution plan can also participate in the Supplemental Retirement plan. Certain in-service withdrawals and loan allowances are available, subject to employee eligibility to request.

Annual Contribution Limits
  • Amount allowed for participants in 2025: $23,500
  • Additional amount allowed for participants age 50 or over in 2025: $7,500
  • Individuals who have more than 15 years of service with the University may be eligible for an additional contribution allowance depending on the level of prior contributions.Ìý
  • If you want to change the amount of your contribution, or to determine your eligibility to defer additional funds, a Salary Reduction Agreement form can be obtained from the Human Resources Benefits office or by emailing BenefitsHR@naz.edu.
Plan Documents
Required Compliance Documents

Annual Qualified Default Investment Alternative (QDIA) Notices:

Annual Fee Disclosures:

ҹɫÊÓÆµ Retirement Plan

Looking to Speak with TIAA?

Participants can call 800-842-2776

Monday - Friday, 8 am to 10 pm (EST)
Saturday, 9 am - 6 pm (EST)
Automated service available 24/7

TIAA Counseling Sessions

Representatives from TIAA are on campus on a periodic basis to provide individual counseling sessions on investment strategies, long-term investment goals, asset allocation and general retirement and financial planning.Ìý

If you would like to schedule a meeting when TIAA is on-campus or at their College Town office, please call TIAA at 800-732-8353 to schedule.Ìý

Retirement Education Tools

Enroll with TIAA today!

Enrolling into your retirement account(s) with TIAA is easy!  

Want to meet with a TIAA Consultant?

Schedule a meeting with our dedicated TIAA representative, Mario Gonzalez.Ìý

To schedule a meeting, go to: , call 800-732-8353, or email Mario at mario.gonzalez@tiaa.org.Ìý

Need to Make A Change?

Looking to change your investments or beneficiaries?  Log onto the  to check in on your account.Ìý

Time to change your contribution percentage?  Contact HR for the salary reduction paperwork!