Defined Contribution Retirement Plan

USF has a defined contribution plan known as a 401(a) plan with TIAA-CREF.

As a participant you will have an individual account opened and the university will remit 10% of eligible salary up to the Social Security wage base and then 12% thereafter. You then choose how you would like these contributions invested. The plan requires a 3-year cliff vesting unless you have been previously vested with another retirement program and upon proof of that status, vesting would be immediate.