While the vast majority of full-time higher education employees are saving for retirement, there’s still room for improvement. In a session at this year’s CUPA-HR Annual Conference and Expo, Paul Yakoboski, senior economist at TIAA Institute, and Rob Shomaker, vice president and chief operating officer at CUPA-HR, shared new findings on the personal finance practices... View Article
With nearly one-third of the U.S. higher education staff workforce age 55 or older, the implications are many for colleges and universities. New research by CUPA-HR on the aging of the higher ed workforce highlights some challenges institutions will likely face in the coming years as staff begin to retire in large numbers. Here’s what... View Article
On June 7, CUPA-HR and seven other higher education associations, led by the American Council on Education (ACE), filed an amicus brief to the Third Circuit Court of Appeals in the University of Pennsylvania’s 403(b) retirement plan case. The case, Jennifer Sweda et al. v. The University of Pennsylvania, which deals with the issue of... View Article
Retired staff and faculty are often an untapped resource for colleges and universities. While many retirees would like to stay connected and engaged — with their colleagues, with students, with the campus community as a whole — in the absence of an official campus retiree organization, they just aren’t sure how to do so. However,... View Article
It’s that time of year again — open enrollment is just around the corner. As employees are reviewing benefit options for 2018, one thing to consider is the IRS’s increased limits to defined contribution plans. In Notice 2017-64, released on October 19, the IRS provided adjusted limitations on benefits and contributions under qualified retirement plans... View Article