Voluntary retirement program

All faculty, postdoctoral scholars, staff and student workers—including non-FICA paying non-resident alien, full-time, part-time, hourly and temporary employees—are eligible to participate in the Arizona university system Voluntary 403(b) and-or the State of Arizona Deferred Compensation 457(b) plan. There is no employer matching contribution.

Each retirement plan—mandatory 401(a) plans, the 403(b) and the 457(b) plan—has a different IRS tax code. Employees can contribute up to the IRS maximum for each plan, and your contributions to one plan do not affect your contributions to another plan.

Preparing for retirement

Retirees spend on average 85% of their final after-tax earnings annually in retirement. To ensure your retirement readiness, financial experts encourage you to have a primary retirement plan, social security and another retirement savings vehicle.

Ask yourself: Am I saving enough for retirement?


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