Post October 2, 2000 Hires
Post-retirement benefits are available to those hired, full-time, on or before September 30, 2000.
Basic Retirement Plan
The Pace University 403 (b) Defined Contribution Retirement Plan is designed to provide faculty and staff with the opportunity to accumulate a source of retirement income in addition to Social Security and personal savings on a tax-deferred basis.
The Basic Retirement plan is a defined contribution plan in which specific contributions are made by the employee and the University once eligibility requirements are met. The requirements are based upon age and full time service criteria.
Once you meet the eligibility requirements and have completed the necessary enrollment forms, the University will contribute a percentage of your base salary, up to the annual compensation limit set by the IRS. You will also be required to make contributions, which will be on a tax-deferred basis.
The percentages that you and the University contribute will differ based upon your full time date of employment and years of service with the University.
Full-time employees, hired after September 30, 2000, are offered University email accounts upon separation from the University, providing that they are at least 60 years of age on the date of separation and their continuous years of full-time service (at separation) plus their age equals at least 75. Each eligible employee is required to elect this benefit (“opt in”) if they wish to utilize a Pace University email account in future. The format for an eligible tenured faculty member’s account is name.emeritus@pace.edu.* The format for an eligible non-tenured faculty member’s account or an eligible staff member’s account is name.retired@pace.edu.
Please submit the Email Address Request Form (PDF) (Full-Time Hire Date Post September 30, 2000) to University Benefits at benefits@pace.edu or to Pace University Benefits, 100 Summit Lake Drive, Valhalla, NY 10595, within 30 days of your separation date.
*Must meet eligibility requirement for emeritus status