Retirement & Life Insurance

401(a) Defined Contribution Plan (PHP):

Preferred Hiring Pool (PHP) adjuncts receive a 10% contribution based on their gross monthly wage by the University on a pay period basis. The provision that required teaching a minimum number of units each calendar year is no longer in effect.

Contributions are remitted after each pay period to a 401(a) Defined Contribution Account. You choose how to invest your money amongst the different investment options. However, if you do not make a selection, the default investment option is the Life Cycle Fund closest to the year you turn age 65.

403(b) Voluntary Retirement Plan (all Adjuncts)

All adjunct Professors are eligible to contribute to this plan via payroll deduction up to the IRS elective deferral limits*. You can contribution to TIAA-CREF and/or Fidelity and both plans offer a Roth option.

To enroll, please complete an application for TIAA-CREF and/or Fidelity and a Salary Reduction Authorization Form.

For information about onsite financial counseling visits please visit: https://myusf.usfca.edu/human-resources/current-employees/benefits/retirement/financial-planning/consultant

For additional questions about the retirement plans, please contact retirementplan@usfca.edu

*if an employee made or will make elective deferrals (Pre-Tax Contributions) or Roth Contributions to an retirement plan not maintained by the University in this calendar year, the employee is responsible for ensuring that all his/her contributions in aggregate do not exceed his/her IRS elective deferral limit.

Life Insurance (PHP):

All Preferred Hiring Pool adjunct professors actively at work are eligible for $40,000 in basic life and accidental death and dismemberment. This amount reduces by 65% at age 70.

Newly eligible PHP adjunct professors will be sent a beneficiary form to complete and return to the Office of Human Resources, Benefits Office, LM 339 or benefits@usfca.edu or fax to 415-386-1074.