Retirement Plan FAQ

Frequently Asked Questions

You may begin voluntary contributions on your hire date to be effective the first pay period the first of the month after your election.

Effective January 1, 2006, you may begin receiving an employer contribution to Emory’s retirement plan if you were a participant in a qualified plan (403(b), 401(K), pension plan, etc.) and were receiving employer contributions from your previous employer. The waiting period has been eliminated if you participated in a plan and received employer contributions.

If you are a new hire, you need to submit a Certificate of Participation in Another Retirement Plan online on the Self Service page. Select benefits and then select 403(b) Savings Plan Election.

It is important to note that you begin receiving the Emory contribution effective the first payroll period following the month that you certify. This benefit is not retroactive. So the sooner you complete the certification, the sooner you begin receiving Emory’s contributions.

It is very important that you complete the online enrollment

1. Log On to the Employee Self-Service at http://leo.cc.emory.edu, click on Self Service to expand your available selections.
2. Select Benefits and then click 403(b) Savings Plan Election.
3. From here you can choose to:

a. Make elections and vendor selections by clicking the button, “Click here to enroll, change or stop
403(b) elections”
b. Calculate your maximum allowed contributions by clicking the button, “Click here to model 403(b)
maximum contributions”

4. After selecting your elections, click the Submit Elections button. Print a copy of this page for your records.
5. Once you have successfully enrolled, contact the vendor(s) you have selected and make your investment elections.

If you do not select a vendor for your Emory Basic Contribution your Emory contributions go into a Vanguard Target Retirement Fund.

You begin receiving the Emory contribution effective the first payroll period following the month that you certify. This benefit is not retroactive. So the sooner you complete the certification, the sooner you begin receiving Emory’s contributions.

If you don't meet the criteria described above, Emory begins making contributions on your behalf after you have completed one year of service and have worked 1,000 hours with Emory (no change from the current waiting period).

Emory’s basic contribution is 6% of your regular salary. Emory also makes a “matching” contribution of 1.5% if you are contributing 1% of your regular salary to the retirement plan, or 3% if you are contributing 2% of your regular salary.

Emory University Benefits

Hours of Operation: Monday through Friday from 8:00 a.m. to 5:00 p.m.
Wed - 8:00am - 3:00pm
1599 Clifton Road, NE
Atlanta, GA 30322
(404) 727-7613 phone
(404) 727-7145 Fax

Disclaimer

Emory reserves the right to terminate, suspend, withdraw, amend or modify the Plan in whole or in part at any time. Further, Emory reserves the right to terminate or modify coverage for any group of employees, active or retired and their dependents or a class of dependents at any time.