University of Chicago Employee Benefit: Retirement Plan | Glassdoor

University of Chicago Retirement Plan

Updated Jul 21, 2014

145 employees reported this benefit

4.2
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Employer Summary

University of Chicago employees have access to several retirement plans.

This information about the Retirement Plan benefit at University of Chicago is the result of research by Glassdoor editorial staff, and was not provided directly by a representative of University of Chicago. The description here may not reflect the current University of Chicago Retirement Plan benefit.


Available to US-based employees (Change location)

Employee Comments

Showing 1–10 of 18
  • Jul 26, 2018
    StarStarStarStarStar Current Postdoctoral Scholar in Chicago, Illinois

    after 1 year employee can apply for that.

  • May 04, 2018
    StarStarStarStarStar Former Client Services Analyst in Chicago, Illinois

    Solid plan with matching after 1 year.

  • Mar 21, 2018
    StarStarStarStarStar Current Employee in Chicago, Illinois

    Pension plan was just removed as an option in a cost-cutting move. Employee retirement plan persists, but will be unable to meet needed retirement income levels, even when maxed out.

  • Dec 06, 2017
    StarStarStarStarStar Former Staff Research Scientist in Chicago, Illinois

    I do not have any complaints about retirement plan at the University of Chicago. I think it is one of the best among academic organizations at least in Chicago

  • Dec 06, 2017
    StarStarStarStarStar Current Senior Clinical Research Coordinator in Chicago, Illinois

    Was better with a pension but still very good.

  • Jun 13, 2017
    StarStarStarStarStar Former bioinformatics programmer in Chicago, Illinois

    i dont have much experience with this, but there is tiaacref that manages the retirement funds

  • Feb 16, 2017
    StarStarStarStarStar Current Employee in Chicago, Illinois

    Only 401K- they stopped paying into their pension

  • Dec 15, 2016
    StarStarStarStarStar Current Employee in Chicago, Illinois

    University pays into the fund by matching your contribution. Decent matching percentage.

  • Nov 29, 2016
    StarStarStarStarStar Current Financial Administrator in Chicago, Illinois

    excellent contribution matching system in 403(b)

  • Aug 18, 2016
    StarStarStarStarStar Current Research Associate (Associate Professor) in Chicago, Illinois

    For academic employees, the University deducts 5% of salary for retirement savings (mandatory), and adds 8% on top of that (employer match). However, since the employee 5% contribution is mandatory, it does not deduct from the $18,000 (in 2016) limit on 401k and 403b contributions, so you can add that much more to the savings. For 403b options, there is a pension/annuity/something TIAA-CREF option, but the investment option is Vanguard mutual funds, which are the best company with lowest expense ratios, which pioneered index funds - truly the best choice in the industry.


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