Benefits & Retirement Information

Healthcare & Voluntary Benefits

Benefit coverage from Pennsylvania College of Health Sciences and Lancaster General Hospital will terminate on 1/31/2024. In order to maintain seamless coverage, you must make sure to make all benefit elections during the enrollment period outlined below. Benefits under Saint Joseph’s University will begin on February 1, 2024 if elected during the enrollment period.

Benefits enrollment will be available in your SJU Workday account from December 1, 2023. In order to receive your healthcare cards prior to 2/1/24, you are strongly encouraged to make your benefits elections prior to Friday, January 12, 2024. All benefits coverage elected during the enrollment period will begin on 2/1, however those electing after 1/12 may experience a slight delay in receiving the hard copies of insurance cards (coverage and card information can still be accessed online through the appropriate vendor resource listed below).

Please review the 2024 Benefits Guide for full details on the health, vision, dental, and other voluntary insurance and savings plans we offer.  

If you experience a life event after enrolling in your benefits but prior to 2/1/24, please reach out to our benefits team at benefits@sju.edu for assistance.

Benefit Enrollment & Information Sessions

The benefits team and TIAA will be holding sessions throughout December and January to assist you with making your elections and planning for the future. (Please check back, as we will continue to update this article with more information, links to register, and any added dates/times!)

  • Benefits Drop-in Q&A
    • Wednesday, Jan 31, 10a-12pm - CANCELLED
  • TIAA Retirement Personal Consulting Sessions (Sign-up details available post-merger)
    • Thursday, Feb. 1, 9a-4p
    • Thursday, Feb. 8, 9a-4p

 

403(b) Retirement Plan

The SJU Retirement plans are managed by TIAA, and all updates should be done on their website: https://www.tiaa.org/public/tcm/sju. If you are transferring employment to Saint Joseph’s University, you will have access to this website and all contribution adjustments on or about Jan 8, 2024 (after the merger close date).  You may begin contributing to the plan immediately at that time, and both employee contributions & eligible University contributions begin immediately (depending on continuous service, see below). 

You can review this quick webinar (12 minutes) on the SJU retirement plan and your options in TIAA. Full information about the SJU Retirement Plan can be found on the TIAA website linked above or in the 2024 Benefits guide on p. 26.

Quick overview of what SJU offers:

  • Anyone can contribute to the 403(b) or Roth option (see information about the Roth option in the "Related Articles" linked on the right side
  • Full-time employees receive a University contribution of 7% and a University matching contribution of up to 3% beginning 1 year after hire*
  • Employees are fully vested after 3 years (cliff-vesting)*
  • Employees can contribute up to 80% of their salary

* - your hire date at the Pennsylvania College of Health Sciences will be honored as your hire date for purposes of the retirement benefit and other things. Please see the "General Information & FAQ" article linked on the right sidebar.

 

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Details

Article ID: 147810
Created
Wed 10/25/23 1:32 PM
Modified
Mon 1/29/24 2:32 PM

Related Articles (3)

This article has links to all of the Plan Summary Benefits & Coverage (SBC) documents, Medicare Part D information, and summary annual reports for the SJU retirement & flexible spending plans. It also contains information and links to documents regarding the No Surprises Act.