Retirement - Post-Doctoral Scholars, Medical Residents and Dental Residents

Mandatory Retirement Plan

All university employees, including Post-doctoral fellows, Medical residents and Dental residents are required to participate in a mandatory retirement plan in lieu of Social Security. Post-doctoral fellow, Medical resident and Dental resident employees are enrolled in a mandatory defined contribution 403(b) retirement plan commencing on their date of hire.

Additional NSHE Info

Plan Contributions

Under the terms of this retirement plan, employees must contribute 6.2 percent of their gross salary to the plan. The employer also makes a matching 6.2 percent contribution. Your funds are automatically deducted from your paycheck on a tax deferred basis and sent to the RPA plan’s record keeper – TIAA-CREF.

Both the employee and the employer contributions are invested, at the direction of each participant, into a 403(b) account. You have the ability to choose your investments within the investment options available through the plan.

Vesting

The plan provides for immediate vesting.

Withdrawal

Participants are eligible to withdraw funds from the plan when you:

  • Separate employment,
  • Are age 59½ even if you are still employed,
  • Die

Social Security

State of Nevada employees, including University employees, do not participate in Social Security. Instead, State of Nevada employees participate in mandatory retirement plans in lieu of Social Security. As a result, employees who qualify to receive Social Security benefits and also receive retirement income from the university may see a reduction in their Social Security benefits. This is called the windfall elimination provision.

For more information about the windfall elimination provision, visit the U.S. Social Security Administration website.

Additional Information

You may visit the TIAA Website and/or call 1-800-732-8353 for more information.