Group Retirement Plans
Full-time employees are required to participate in a group retirement plan through Empower or TIAA. Employees must contribute 6% of their gross salary to their retirement accounts, and that is matched with a 6% contribution by the University. TIAA is the default company if the employee does not designate a retirement program.
Supplemental Retirement Plans
Full-time and part-time employees may participate in 403(b) and/or 457(b) supplemental retirement plans through Empower and/or TIAA. To enroll in a supplemental retirement plan, employees must complete a Salary Reduction Agreement, which can be found here. Additionally, employees must complete the enrollment process with TIAA or Empower. Please contact Human Resources for assistance.
Please remember to keep your beneficiary information up-to-date with PEIA and TIAA. It is important that you control who will receive your assets in the event of your death.
Health Insurance for Retirees
Employees may choose to continue their health insurance coverage after they retire. For information about PEIA and Mountaineer Flexible Benefits, click here.
To find a checklist of actions related to retirement planning and opportunities for staying connected to Shepherd University following retirement, go here.
Contact Information for Retirement Plan Companies
WV Consolidated Retirement Board
To find information on Social Security Benefits, go here.
To find information on Medicare Benefits, go here.