Retirement Plan

Lesley offers eligible employees the opportunity to participate in the Lesley University Retirement Plan, a 403(b) savings plan. The Plan is administered by TIAA-CREF. Eligible employees may begin participating in the Plan upon their date of hire. Participants determine how much they want to deduct from their pay and have deposited into their retirement account each pay period. Payroll deductions may be made on a pre-tax or after-tax basis. The University will match employee deposits based on a set schedule. You must deposit at least 3% of your pay to receive a University match, currently set at 5%. If you deposit at least 5% of your pay into your retirement account, the University match is set at 7%. You may receive a higher University match as your years of service increase. You can see the complete University match schedule by clicking on the link below. Contributions to your retirement account can be allocated to a number of investment funds.

New employees to Lesley University will be automatically enrolled in the Plan (at the 3% payroll deduction level) upon their date of hire. If the new employee does not want to participate in the Plan or wants to participate at a higher deduction level, he/she merely has to complete a Salary Deferral Agreement within 30 days of his/her first payroll deduction. If enrollment is waived within this 30-day period, all payroll deductions will be returned to the employee.

Learn more...

• Lesley University Retirement Plan