All forms should be delivered to Human Resources, Emery 106
Gordon College Retirement Plan
Gordon provides a pre-tax 403(b) Defined Contribution Retirement Plan through TIAA for permanent employees age 25 or over and scheduled to work at least 20 hours a week. The Plan features a 5% College Match for the employee's 5% pre-tax contribution.
Group Supplemental Retirement Annuity
A supplemental 403(b) Tax Deferred Annuity (TDA) Plan (GSRA contract) offers opportunities for pre-tax contributions to employees scheduled to work at least 20 hours a week. (No age limit). This could be for those under age 25 or those who want additional contributions beyond the 5% to the Retirement Plan. Employees under 25 will have their 5% contribution to this plan retroactively matched when they join the Retirement Plan.
To contact the TIAA customer service center, call 1.800.842.2776.
Emeriti Retirement Health Solutions
The Emeriti Program provides unique benefits for employees who retire from Gordon College. Its innovative design features:
Gordon College makes semi-monthly contributions to the Emeriti Retiree Health Account for all employees scheduled to work at least 20 hours a week and are age 39 or over. Those employees may make their own post-tax contributions to this plan as early as age 25. Funds are invested and held by TIAA and are used in retirement for reimbursement of medical expenses including premiums for supplemental medical insurance.
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 offers individual counseling over the phone, in their Boston office, or on occasional campus visits. Contact Human Resources for the next scheduled campus appointments.