Benefits

Yale University Retirement Account Plan

VERY IMPORTANT: Yale University Retirement Account Plan (403(b) Retirement Savings Plan) If you are working more than half time and are eligible for Yale Benefits you will automatically be enrolled in the Yale University Retirement Account Plan (YURAP). Yale will make a Core Contribution equal to 5% of your eligible salary (7.5% of eligible salary above the Social Security Wage Base). Under YURAP’s automatic enrollment feature, Yale will automatically reduce your monthly salary by 5% and deposit that amount as a pre-tax employee contribution to YURAP. The University will make a Matching Contribution of 5% of eligible salary to your YURAP account.

If you do not wish to contribute to your YURAP account via the 5% salary reduction, you can change your contribution rate via the TIAA site at Yale | TIAA . Contributions can be made on a pre-tax basis, after-tax basis through the Roth 403(b) option, or both. You can elect to contribute a flat dollar amount, a percentage of your salary up to 75%), or the IRS annual maximum amount.

Changes made on the TIAA site by the 16th of the month will be reflected in that month’s paycheck. If you are enrolled in YURAP, you may change the amount you contribute to YURAP at any time.

Your contributions as well as the University Core and Match contributions are automatically invested with TIAA in the Yale Target-Date Plus Service. The Yale Target-Date Plus Service selects a Target-Date Plus model portfolio that most closely corresponds to your estimated date of retirement. The Yale Target-Date Plus Service is intended to be a “qualified default investment alternative” as described in Section 404(c)(5) of ERISA. Alternately, you can choose to change your estimated retirement date, choose a different model portfolio or stop using the Target-Date Plus Service and invest your contributions in any of the Vanguard, TIAA or CREF investment fund options available on the TIAA website for YURAP.

To view or change your contribution amount, update your beneficiary information, and view or change your investment options, log in or register at Yale | TIAA . For assistance navigating the TIAA web site, please contact TIAA at 855-250-5424, Monday – Friday, 8 a.m. to 10 p.m., or Saturday, 9 a.m. to 6 p.m.

Yale University Health and Dental Benefits

Complete information on Yale benefits by job classification is available here: My Benefits by Job Classification | It's Your Yale