Luther College utilizes TIAA for retirement planning. If you meet the eligibility requirements, the College will contribute to the defined contribution plan an amount equal to 5% of an employee's base salary as long as you contribute at least 3%. (Suspended for the 2020-21 fiscal year).
You may choose either pre-tax or after-tax (Roth) options for your contributions into the deferred contribution plan. To make changes to your employee contributions you may either call TIAA at 800-842-2776 or use the TIAA PlanFocus link. Directions follow: