Eligible Compensation for Calculating Contributions
NYU Contributions
Eligible compensation for calculating NYU contributions (matching and non-elective) = base salary only.
The compensation eligible for calculating the NYU matching and non-elective contributions to the NYU Retirement Plan is your base salary only.
Note: For faculty, base salary includes salary for primary position, plus compensation for any titled administrative assignment, and summer compensation paid up to 3/9 of faculty base salary. (See Faculty benefits.)
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- Additional Compensation Will Increase Your Employee Contributions
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Employee Contributions
Eligible compensation for calculating employee contributions = total cash compensation.
The compensation eligible for calculating an employee contribution to the NYU Retirement Plan is your total cash compensation for the pay period. Your total cash compensation includes:
- base salary,
- additional compensation for teaching,
- activity pay,
- overtime pay,
- cash bonuses,
- summer compensation, and
- any additional compensation for academic and administrative duties performed.
Note that your employee contribution election does not apply to any imputed income, allowances, subsidies, stipends, or other amounts that you did not earn for services performed.
Additional Compensation Will Increase Your Employee Contributions
If you receive any form of additional compensation, your employee contribution will increase on a per paycheck basis. As shown in the chart below, the employee contribution increases due to additional compensation being included in eligible compensation for calculating the employee contribution.
How to Enroll / Manage Your Account
Login to NYUHome and select Go on the NYU Retirement Plans card or login to TIAA.org/nyu to manage your employee contribution amount, investments, and beneficiary information. If you need help accessing or navigating the retirement site, contact the NYU Retirement Plans Helpline at 844-NYU-TIAA (844-698-8422).
Questions?
- Call the NYU Retirement Plans Helpline at TIAA at 844-NYU-TIAA (844-698-8422).
- Schedule a one-on-one consultation at TIAA.org/schedulenow. Learn more about investment advice sessions (PDF: 195 KB).
- Representatives are available weekdays 8 am to 10 pm ET.
Example of Additional Compensation | |
---|---|
Employee contribution election | 5% |
Pay period base salary / academic pay | $10,000 |
Pay period additional compensation | $1,500 |
Total pay period compensation | $11,500 |
Results in contributions of: | |
Employee contribution (based on total cash compensation) | $575 |
NYU Non-elective contribution (based on base salary / academic pay) | $500 |
NYU Matching contribution (based on base salary / academic pay) | $500 |
Total NYU and Employee Contributions | $1,575 |