Retirement Plan

TIAA Defined Contribution Plan

Eligibility: Eligible faculty and staff must attain age 22 and complete one year of service .  The one year waiting period may be waived if fully vested in another educational institution's retirement plan.  Review the Summary Plan Description for full plan details.

  • Cal Lutheran may make a discretionary contribution to the eligible employee's plan
  • Employees are automatically enrolled when eligibility requirements are met
  •  Vesting;
    • The vesting period for employer contributions to the plan for employees hired on or after January 1, 2021 is  three years. This vesting schedule does not apply to employees who began employment prior to December 31, 2020.