Hires After 12-31-18

NYU is committed to helping you plan and save for a secure retirement. As a recent Laboratory & Technical Staff (Local 3882), Office & Clerical Staff (Local 3882), or Non-Union Service Staff hire, NYU is providing you with a one-time choice between two retirement plan options:

-- Your Resources
-- Your Decision
-- Your Support
-- Key Dates

Your Resources

NYU is providing the following resources to help you determine which retirement option best meets your needs.

Retirement Choice Decision Guide (PDF)

The NYU Retirement Choice Decision Guide (PDF: 3.5 MB) gives you detailed information about your two retirement options. In addition, this guide features profiles of sample employees and the factors each considered when making a choice.

Retirement Choice Video

This brief video highlights the key information you need to know about the retirement choice and when and where you can make your election.

Your Decision

Approximately nine months after your hire date, you’ll be able to choose the retirement plan that is best for you during your individual two-week election window by following these steps:

1. Read the email sent to your NYU.edu email address, which includes important information and key dates for your two-week election window. Click on the link in the email to begin the election process.
2. Review the instructions and make your choice.
   
3. After you submit your election, you will receive an email confirming your choice. This is a one-time irrevocable election.

If You Do Not Actively Make A Retirement Choice

If you do not actively make a retirement choice, you will continue to participate in the STDA Plan, to the extent you have elected to do so, and be enrolled in the SPP. This is the only opportunity you will have to choose the NYU Retirement Plan.  

When Your Retirement Choice Becomes Effective

If you choose the NYU Retirement Plan, you will be eligible for the plan one year after your hire date and you will be immediately vested for employer contributions. You will not lose any benefit you may have earned in the STDA Plan, but will no longer be eligible to make contributions to the STDA Plan. Once your participation in the Retirement Plan commences, you will begin to receive your 5% of base pay NYU non-elective contribution.

If you choose the SPP and STDA Plan, your eligibility for the STDA Plan will simply continue and you will participate in the SPP one year after your hire date.  

Your Support

• STDA Plan or NYU Retirement Plan: NYU Retirement Plans Helpline at TIAA at 844-NYU-TIAA (844-698-8422)
• Staff Pension Plan: NYU Pension Center at Aon at 855-632-5016
  
• Election process: PeopleLink, NYU's benefits and payroll service center, at 212-992-LINK (5465) or askpeoplelink@nyu.edu
   

Key Dates