Defined Contribution Plan

Luther College utilizes TIAA for retirement planning. The College remits an amount equal to 7% of an employee's base salary to TIAA as long as the eligible employee contributes a minimum of at least 1% to either a TIAA tax-deferred annuity or TIAA Roth in 2017.

Examples of Information on the TIAA website:

Make the most of your employer match to save for retirement