Gordon College Retirement Plan
Gordon provides a 403(b) defined contribution retirement plan through TIAA-CREF. Participation is voluntary after age 25 and is mandatory at age 35. Participants contribute 5% of salary on a tax deferred basis that is matched by a 5% contribution from Gordon (effective September 1, 2010).
Group Supplemental Retirement Annuity
A Group Supplemental Annuity Plan (GSRA) offers opportunities for further tax-defereed investment through TIAA-CREF. Contributions to the GSRA are made entirely by the employee.
To contact the TIAA-CREF customer service center, call 1.800.842.2776 or go online to their Gordon-specific website.
Emeriti Retirement Health Solutions
The Emeriti Program provides unique benefits for employees who retire from Gordon College. Its innovative design features:
Gordon College makes monthly contributions to the Emeriti Health Account for all full time employees over the age of 39 which will be available to employees who retire from Gordon. Fulltime faculty and staff may also contribute to the Emeriti program on a voluntary basis.
To contact the Emeriti customer service center, call 1.866.EMERITI (1.866.363.7484) or go online to their website at www.emeritihealth.org.
Employees approaching retirement have many things to consider, from Social Security to healthcare. Human Resources has prepared a fact sheet to help answer some of these questions, So You're Thinking of Retiring!
For employees considering early or phased retirement, Gordon offers a generous health insurance arrangement to bridge the gap between full time employment and Medicare eligibility.
Early Retiree Health and Dental Benefits.
Investment education is especially important as retirement nears. TIAA-CREF offers individual counseling over the phone, in their Boston office, or on occasional campus visits. Contact Human Resources for the next scheduled campus appointments.