Retirement Plan

Drake University is proud to offer eligible employees the chance to save for retirement through the Drake University Retirement Plans. These plans work together to give eligible employees retirement planning flexibility.  Drake University contributes eight percent (8%) of base annual salary to a retirement plan for eligible employees, while the employee contributes five percent (5%).  In addition, most employees have the opportunity to save for retirement up to maximum annual deferral amounts allowed by the Internal Revenue Code through an easy pre-tax payroll deduction option.

Drake University also makes available financial planning and retirement savings programs and counseling sessions for all employees.

For more details about the retirement plan, please visit Drake's landing page at TIAA-CREF

University News
October 29, 2014
The Drake University Board of Trustees recently approved new degree programs in mathematics, science, education, technology, and health sciences while taking initial steps to further enhance the University’s programming through $65 million in new construction and renovation.
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