Yes. Eligible adjuncts have been able to participate in a retirement plan offered through the Teachers Insurance and Annuity Association of America (TIAA). This plan is called the NYU Supplemental Tax Deferred Annuity Plan (STDA).

NYU makes both a “non-elective” contribution and a “matching” contribution to a participating adjunct’s retirement account in December. It is possible for NYU to contribute both:

• An amount equal to 5% of the adjunct’s compensation from the previous academic year

• An amount that matches the adjunct’s own contributions up to 5%

For Example:
Gross Annual Income = $50,000
5% Adjunct’s Contribution = $2,500

5% NYU Non-Elective Contribution = $2,500
5% NYU Matching Contribution = $2,500
Amount Received in December = $5,000

*NYU’s first contribution under these new parameters will be made on or around December 1, 2024. The individual contributions an adjunct makes during the 2023-24 Academic Year will determine the university’s December 1, 2024 contribution.

To receive the maximum 5% matching contribution on or around December 1, you must contribute at least 5% of your Academic Year salary to the NYU STDA Plan. Once you start contributing to the NYU STDA plan, NYU will open the NYU Retirement Plan for Adjunct Faculty Members (“Adjunct Retirement Plan”), which is also part of your account. Your contributions go into the STDA part of your account; NYU’s contributions will go into the “Adjunct Retirement Plan” part.

For more information, contact the NYU Retirement Plans Helpline at TIAA by calling 844-698-8422 or visiting www.tiaa.org