Important Changes as of Sept. 1, 2023
- If you were hired on or after Sept. 1, 2023, you have 30 days to make your mandatory retirement plan election, as well as other benefit elections for health and supplemental insurance plans. Enrollment instructions will change from the current 2023 brochures. Go to the online enrollment page for instructions and links to enroll for coverage.
- As of Sept. 1, 2023, the University moved to TIAA as the single recordkeeper for the UNC Optional Retirement Program. Review the UNC Retirement Plan RFP Award Notice for details on this ORP change.
The University provides a variety of options for employees to plan and save for retirement. These options include a choice of mandatory retirement plans as well as a variety of supplemental retirement savings plans.
Retirement Program and Resources
Mandatory Retirement Programs
Supplemental Retirement Programs
Please note: An aggregation of 403(b) and 401(k) plan contributions must be made if you participate in more than one supplemental plan during a calendar year. For example, if you contribute to the 401(k) plan in addition to the 403(b) plan, the combined amount of the contribution to both plans cannot exceed the elective deferral plan limit each year. The age 50 catch-up is also a combined amount between the 401(k) and 403(b) programs. Contributions to a 457(b) deferred compensation plan are not aggregated with 403(b) or 401(k) plan limits.
Retirement Planning Resources
Faculty Phased Retirement
Videos and Tools