Retirement Information

Human Resources

Retirement Information

The University of Delaware is committed to assisting employees with saving for retirement and providing retirement benefits through two retirement plans. Benefits eligible Faculty and Exempt Staff participate in the TIAA 403(b) retirement plan and Nonexempt staff and hourly employees participate in the Delaware State Employee Pension Plan.

Wherever you are on your employment journey – new employee, existing employee or current retiree – please refer to the resources provided below.

Saving for Retirement

To provide income in retirement, the University contributes to the 403(b) Retirement Savings Plan for faculty and exempt staff, and the State Employees’ Pension Plan for most non-exempt staff.

Retirement Savings Plan Options

Financial Planning Resources

The UD Financial Planning Center is a free resource to provide financial education and personalized guidance to both UD employees and students. Employees can schedule one-on-one sessions with a Certified Financial Planner (CFP) for personalized coaching on retirement planning, investment and tax planning, and general financial decision-making. These sessions also serve as a learning opportunity for senior students in the Financial Planning major, who will observe the meetings to gain hands-on experience in financial planning and client communication. The Financial Planning Center is located on STAR Campus in the FinTech Innovation Hub. To learn more and to schedule your meeting, please visit https://lerner.udel.edu/centers/financial-planning-center/
TIAA: Register for sessions at www.TIAA.org/schedulenow or by calling 800-732-8353, weekdays, 8 a.m. to 8 p.m. (ET).
Legacy Retirement Accounts: Fidelity Investments Contact Information:
- Website
- Phone: 800-343-0860
- Fidelity QDRO (Divorce) Approval Guidelines and Procedure

Preparing for Retirement

Follow the link for your retirement savings plan to learn more about preparing for retirement.

403(b) Retirement Savings Plan

State Employees' Pension Plan

If you have already retired from the University of Delaware visit our Current Retiree's page to obtain benefit information, access retirement webviews and our special benefits offered after retirement.

The Roth contribution option: Another way to save for retirement

In the University of Delaware 403(b) Retirement Savings Plan, your pretax contributions accumulate tax deferred, and withdrawals are taxable.¹ With the “designated Roth” option, your after-tax, Roth contributions also accumulate tax deferred, but may be taken tax free in a qualified distribution.

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A qualified distribution is one that occurs at least five years after the year of your first Roth contribution and is made either on or after attainment of age 59½, on account of disability, or on or after death. These potentially significant tax benefits are similar to a Roth IRA. However, Roth contributions have higher contribution limits than a Roth IRA. Read more.