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