Retirement

Duquesne University retirement plan is designed to help employees accumulate the funds they need for a comfortable future.

The plan offers:

• The ability for employees to begin contributing their own money on a pre-tax basis between two carriers: Fidelity and TIAA.
• A wide choice of investment options to customize savings.
• Eligibility for a University contribution that usually begins after 12 months of employment. Eligible employees contribute 5% of base salary while the University contributes 8%. Service requirements may be waived for eligible employees with one year of qualifying service with an educational institution. 
• Immediate vesting of contributions, so employees have the right to receive all of the money in their accounts when they leave.
• Contributions and investment earnings grow on a tax-deferred basis in a 403(b) plan until distribution is made.
• Refer to the Summary Plan Description for additional details.