Pension & Retirement

Through our partnership with our retirement plan administrator, TIAA, Clarkson University provides a retirement benefit to our employees. Upon reaching the two-year anniversary, employees will begin receiving a University contribution of 9.6% of their regular bi-weekly salary toward their retirement.

Mandatory Retirement Plan

• Mandatory participation the first day of the month after completion of two full time years of service
• Employees contribute 4.8% of regular salary bi-weekly and
• Clarkson matches the contribution at 9.6% of regular salary bi-weekly

Voluntary SUPPLEMENTAL PRE-TAX or ROTH POST-TAX Retirement

• New hires can enroll in a SUPPLEMENTAL PRE-TAX or ROTH POST-TAX pension plan(s)
• No Clarkson match
• To set up a voluntary contribution, please log on to www.tiaa.org/clarkson 

Eligibility to Waive Two-Year Waiting Period

• Employees may waive the two-year waiting period if they:
  • Prior employer (immediately preceding) was a not-for-profit institution of higher education
  • Employee was vested in prior employers retirement benefit
• Benefit is not retroactive
• Pension Verification Form must be filled out by prior employer and employee
• Mandatory retirement plan will begin once the completed form is returned to human resources