Market proof your Drake retirement contributions.

Drake University sponsors both mandatory and voluntary 403(b) retirement plans as part of its overall benefit package. Full-time faculty and staff are required to participate in Drake’s Mandatory Retirement Plan after one year of full-time service. Upon eligibility, Drake contributes eight percent of annual base compensation while employees contribute three or five percent, dependent on position classification.

Additionally, all Drake faculty and staff are eligible to participate in Drake’s Voluntary Retirement Plan, regardless of the number of hours worked. Drake’s pre-tax savings retirement plans provide all employees an excellent opportunity to prepare for retirement.

To further assist you in your preparation for retirement, Drake is sponsoring A TIAA Financial Essentials Webinar, June 11. See this brochure to register for this live event.

–Marlene Heuertz, Human Resources