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Human Resources

Financial Security

Pace University offers a retirement program to assist you in building financial security. The retirement plan provides you with an opportunity to make contributions to tax sheltered investments for the purpose of accumulating retirement income.

Participation in the plan begins on the first of the month following meeting the eligibility criteria and completion of necessary enrollment materials.

Employees may direct the investment of their own contributions to their TIAA. Please review the investment choices available to you by contacting TIAA directly using the number below or by visiting the TIAA website.

  • Investment Carrier: TIAA
  • Website:
  • Telephone Number: (800) 842-2776

The maximum that you can contribute is subject to IRS statutory limitations. Effective January 1, 2017, employees will be able to contribute a maximum of $18,000 per year, which includes your contributions to the other retirement plans sponsored by other employers. You may be eligible to contribute an additional $3,000 if you have 15 or more years of service. If you are over the age of 50, you may also be eligible to contribute an additional $6,000. Please contact the University Benefits office to determine your maximum contribution.

Participants in the plans should maintain their ID and password information in a secure manner. Participants should also review confirmation letters and statements from the selected investment carriers in a timely manner for accuracy and completeness.

Eligibility for Employee Contribution

All employees are eligible to contribute to the plan except for students, visiting faculty and those deemed to be independent contractors. Simply complete a Salary Reduction Agreement Form, and return it to the University Benefits at (or via the helpdesk at For employees joining for the first time, please see the bottom of the form for instructions on setting up an account with TIAA.

Summary Plan Description


Tax Advantage

  • Your contributions to the plan are not subject to federal state and local income tax, as governed under section 403(b) of the Internal Revenue Code.
  • Investment earnings that accumulate are tax deferred, until withdrawn. Your investment returns grow faster because they are not taxed each year.

Enrollment Considerations

  • You must complete the necessary enrollment and payroll authorization forms to participate in the retirement program. Any contributions that you make are tax deferred and are subject to a statutory IRS annual limit.
  • You are responsible to ensure that all contributions that you make to any employer sponsored retirement programs outside of Pace University are accounted for when computing your maximum allowable contributions under IRS statutory limitations.
  • Once you join the retirement plan, your contributions will continue and roll-over from year to year.
  • You decide how to allocate the investment of your contributions. Any changes to your investment strategies can be addressed directly with your investment carrier(s).

As required by the Department of Labor, please see the 2013 Summary Annual Reports (SAR) for the Pace University Defined Contribution Retirement Plan.