Picture Your Financial Future
What does your future look like? Maybe it’s spending time with family, traveling, working or volunteering. We posed this question to your managers, friends and colleagues during the fall benefits fairs on Campus and JPL. Take a look at what they told us.
If you need help planning for the future of your dreams, schedule a complimentary consultation with TIAA.
The Caltech Retirement Program
The Caltech Retirement Benefits Program is designed to help you prepare for a financially secure future and achieve your retirement goals. The program includes two plans:
- Institute Base Plan
Caltech offers a 403(b) defined contribution plan to eligible faculty, staff, and postdoctoral scholars. Under this plan Caltech will automatically begin contributing money to a plan account in your name once you meet the required waiting period. Caltech contributes a percentage of your salary, based on service and age. You can choose from a variety of investment options through TIAA and you are 100% vested in your account once you begin participation in the plan.
- Voluntary Retirement Savings (TDA) Plan
Caltech also offers a voluntary 403(b) Plan, to eligible faculty, staff, postdoctoral scholars, and student employees who are on the Caltech payroll. This plan lets you make additional contributions from your paycheck for your retirement savings on a pre-tax basis. You can enroll at any time during the year beginning on your date of hire. Choose how much you want to contribute up to the annual limit. The plan offers a variety of investment options through TIAA and you are 100% vested in your account once you begin participation in the plan.
For plan information, see the Caltech Retirement Program summary.
Our retirement administrative partner is TIAA, the leading financial services organization for those in the academic, governmental, and research fields.
The Science of Benefits Workshop Series brings TIAA financial experts to campus to conduct interactive presentations on retirement, saving, investing, and other personal finance topics. Be sure to attend this season's workshops and look for free give-aways at every event!
All events are also offered at JPL; see the series flyer for details.
For additional information about the Caltech retirement plans visit the TIAA website or call (800) 842-2252, Monday through Friday, 8 a.m. to 10 p.m., or Saturday, 9 a.m. to 6 p.m. (ET).