Retirement and Disability Benefits
Learn about retirement and disability benefits available to National University employees.
Retirement Plan
National University particpates in a retirement plan through Teachers Insurance and Annuity Association - College Retirement Equities Fund (TIAA-CREF).
This money purchase plan requires a pre-tax contribution by participating employees. Group Retirement Annuities (GRA) are effective the first of the following month after one year of service. Supplemental Retirement Annuities (SRA) are effective immediately.
Participant contribution is 4% and the university contribution is 3%.
- Defined Contribution Retirement Plan Summary Plan Description
- Tax-Deferred Annuity Plan Summary Plan Description
Long Term Disability
Long term disability insurance provides for continuance of 60% of one's income after a 90-day period of disability under the Illness Policy. This policy also provides for a monthly annuity premium to be paid to the employee's retirement plan while they are on long term disability. This benefit is provided by the university at no cost.
Life Insurance
Effective immediately, a death benefit is provided equal to the employee's annual salary.
