NYU offers the Section 457(b) Deferred Compensation Plan for eligible full-time faculty, professional research staff, and administrative and professional staff.

If eligible per the salary minimum, you may take advantage of additional tax-deferred savings in addition to the NYU Retirement Plan. There are no employer contributions to the 457(b) Plan.

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Under Section 457(b) of the Internal Revenue Code, this Plan must be considered “unfunded”, which means that your deferrals of salary (including any earnings on those deferrals) must be part of NYU's general assets. This means that in the unlikely event that NYU ever became insolvent, your deferrals under the Plan and any investment earnings that have accrued would be subject to the claims of NYU's general creditors and you might lose part or all of your benefits. You should consider this in deciding whether to participate in the Plan.

Plan Highlights

For detailed information on the Plan including a Special Catch-up Limit, withdrawals, and distribution options, please review the Summary Plan Description (Google Doc: 25 KB).  

Summary Plan Description (SPD)

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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?