Retirement Plan FAQ

Frequently Asked Questions

You may begin voluntary contributions on your hire date to be effective the first pay period the first of the month after your election.

Effective January 1, 2006, you may begin receiving an employer contribution to Emory’s retirement plan if you were a participant in a qualified plan (403(b), 401(K), pension plan, etc.) and were receiving employer contributions from your previous employer. The waiting period has been eliminated if you participated in a plan and received employer contributions.

If you are a new hire, you need to submit a Certificate of Participation in Another Retirement Plan.

It is important to note that you begin receiving the Emory contribution effective the first payroll period following the month that you certify. This benefit is not retroactive. So the sooner you complete the certification, the sooner you begin receiving Emory’s contributions.

It is very important that you complete an 403b Retirement Authorization For Payroll Deduction & Vendor Selection Form. You also need to complete an enrollment form for the company you would like to invest your money with (Vanguard and Fidelity are online; TIAA-CREF is an application). Send together to the Benefits Department.

If you do not select a vendor and complete an application form, your Emory contributions go into a Vanguard Target Retirement Fund.

You begin receiving the Emory contribution effective the first payroll period following the month that you certify. This benefit is not retroactive. So the sooner you complete the certification, the sooner you begin receiving Emory’s contributions.

If you don't meet the criteria described above, Emory begins making contributions on your behalf after you have completed one year of service and have worked 1,000 hours with Emory (no change from the current waiting period).

Emory’s basic contribution is 6% of your annual salary. Emory also makes a “matching” contribution of 1.5% if you are contributing 1% of your salary to the retirement plan, or 3% if you are contributing 2% of your salary.

Emory University Benefits

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1599 Clifton Road, NE
Atlanta, GA 30322
(404) 727-7613

Disclaimer

Emory reserves the right to terminate, suspend, withdraw, amend or modify the Plan in whole or in part at any time. Further, Emory reserves the right to terminate or modify coverage for any group of employees, active or retired and their dependents or a class of dependents at any time.