Retirement


Utah Retirement System

Non-Contributory Plan
If you are enrolled in this plan, the Research Foundation will contribute 13.2% of your annual gross earnings. Of this, 1.5% is contributed to the USRS or EMIA 401(k) plan and 11.7% is credited as Research Foundation's contribution.

TIAA/CREF Retirement Plan

If you are enrolled in the TIAA/CREF retirement program, the Research Foundation contributes 14.2% of your annual gross earnings to retirement--above and beyond your annual salary. You designate how this contribution is invested among the TIAA and CREF investment options.

Non-Exempt Staff


Utah Retirement System

Non-Contributory Plan
If you are enrolled in this plan, the Research Foundation will contribute 13.2% of your annual gross earnings. Of this, 1.5% is contributed to the URS or EMIA 401(k) plan and 11.7% is credited as Research Foundation's contribution.

TIAA/CREF Retirement Plan

(Out of State Non-Exempt Employees)
If you are enrolled in the TIAA/CREF retirement program, the Research Foundation contributes 14.2% of your annual gross earnings to retirement--above and beyond your annual salary. You designate how this contribution is invested among the TIAA and CREF investment options.

Social Security/Medicare


(Both Exempt & Non-Exempt Staff)

The Research Foundation shares the cost of your Social Security/Medicare benefits by contributing 6.2% of your salary up to $5,394 with a taxable wage base of $87,000 for Social Security. A contribution of 1.45% is made for Medicare on all earnings. You will match these contributions by payroll deduction. Social Security provides several important benefits in the form of retirement payments, disability benefits, medical benefits under Medicare, and death benefits paid to a spouse or dependent.