Retirement & Financial

Marna Seltzer and four of her colleagues have an informal conversation in hallway.
Department of Public Safety staff members meet outside of the 200 Elm Drive building.
Princeton University Retirement Plan (PURP)

The Princeton University Retirement Plan (PURP) is a tax-qualified defined contribution savings plan. The University makes contributions to the PURP on an employee’s behalf, and these contributions are invested in the investment options that participants select.

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Retirement Savings Plan

The Princeton University Retirement Savings Plan (RSP) is a 403(b) defined contribution plan that allows participants to save money for retirement on a pretax and/or after-tax (Roth) basis.

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Retirement Plan Investment Options

The investment lineup in a retirement plan is designed to provide flexibility in creating a diversified portfolio of investments in one’s retirement plan account.  To learn about available investment options , contact TIAA or view the Princeton University investment lineup and details online at TIAA.

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Female staff members at Women of Princeton ERG event.
Kimberly Leaman and two co-workers look through a large book.

Financial Benefits

Princeton University provides financial benefits, including retirement and several resources to assist faculty and staff with their financial planning needs.

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Adoption & Surrogacy Benefit

The University provides reimbursement for eligible adoption and surrogacy arrangement expenses up to a lifetime maximum of $20,000.

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Backup Care Advantage Program

The Bright Horizons Back-up Care Advantage Program provides faculty and staff with back-up care when there are temporary disruptions in one’s child, adult, and/or elder caregiving arrangements that would otherwise prevent fulfilling work obligations.

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Child Care Resources

Princeton University provides access to an excellent child care center on campus for faculty, staff, students, and community.

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Legal Services Plan

MetLife Legal Plans provides faculty and staff access to legal representation or advice to help with personal, confidential assistance for a wide range of legal services.

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Flexible Spending Accounts

Princeton University offers various avenues for faculty and staff to minimize the taxes they pay, including flexible spending accounts to set money aside pretax to pay for healthcare and dependent care related expenses.

Healthcare Flexible Spending Account

The HFSA is a program to set aside money, before taxes, from each paycheck to pay for eligible health-related expenses not covered by insurance.

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Health Savings Account

The HSA is a pretax savings account, administered by Payflex, for healthcare costs incurred now and in the future for most individuals enrolled in the CDHP.

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Dependent Care Flexible Spending Account

The Dependent Care Flexible Spending Account (DFSA) allows faculty and staff to set aside money pretax to pay for childcare expenses for dependent children 12 years and under.

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Commuter Benefits Program

The Commuter Benefits Program allows faculty and staff to deduct monthly public transportation commuting expenses pretax from their pay.  

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