Department of Human Resources

Retirement Plans

Oberlin College continues to review the institution's TIAA retirement plans to identify new ways to assist  our Faculty and Staff to plan for their retirement. Beginning in April 2024, there will be some important  updates to the existing TIAA retirement plans. These updates include two new enhancements that will  help in retirement planning. Additionally, Oberlin will begin offering another way to save for retirement  through a new after-tax Roth option

If you have any questions, please consult with TIAA at (800) 842-2252 or contact Janet Leonard, HR Senior  Plan Administrator at




Oberlin College offers two retirement plans with TIAA, both are 403(b), tax-advantaged plans:

Defined Contribution Retirement Annuity (RA)  

Oberlin will make pre-tax employer contributions after one-year of service and attaining age 26 into the  RA plan. Contributions from Oberlin are automatic and do not depend on any employee contribution.  Contributions from Oberlin are based on age.  

• Age 26-34 5% 

• Age 35-44 8% 

• Age 45-54 10% on the first $100,000 of salary; 8% on salary above $100,000

• Age 55 + 12% on the first $100,000 of salary; 8% on salary above $100,000 

Supplemental Retirement Account Annuity (SRA)  

Employees are eligible to participate in the SRA upon hire. Contributions are made on a pre-tax basis from  one’s paycheck. 

For more information, contact Oberlin’s TIAA representative, Don Denault, at for  assistance in enrollment.  

To schedule an appointment, go to: Select the option for Your Employer click  on schedule, then select Ohio, then Oberlin College. Available appointment times will populate. Call to  schedule an appointment (800) 732-8353 8 a.m. to 8 p.m., Monday through Friday 

For 2024, the annual IRS contribution limits for an individual are: 

• Age 50 or less in 2024 = $23,000 

• Age 50 or more in 2024 = $30,500 

Enrollment in Health Insurance 

Medical Mutual Logo




Employees who are eligible to retire and who were covered under one of Oberlin College’s group health  plans while in active service, may enroll to continue to participate in the health plan during retirement. 

• Retirees under 65 will be enrolled in the Consumer Driven Health Plan with a Health  Reimbursement Account (HRA) 

• Retirees aged 65 and over will be enrolled in the Medical Mutual Medicare Advantage Plan with  SilverScript (prescription coverage). 

• Retirees under 65 whose spouse or Domestic Partner is aged 65 and over, and participates in our  health plan, will also be enrolled in the Medical Mutual of Ohio Retiree Comp Plan. 

Enrollment in Vision and Dental Insurance  

To continue or elect coverage in the Vision and/or Dental plans, you must indicate your choice at the time  of retirement. 

Faculty and staff members who are in active employment and are at least age 52 with a minimum of 10  years of service, are eligible to retire from the college. To learn more, access our Retirement Benefits  Program Policy. 

You may use this Retirement Checklist if you are planning to retire from the college. To begin the  retirement process, you must send a written notification of your retirement to your manager/Dean, with  a copy to Human Resources. Once HR receives a copy of your retirement notice, a Retirement Packet will  be prepared for you. 

Click here to view the current TIAA Webinars

Don Denault comes to campus one to two times a month to meet with employees. Please please view this document for the 2024 dates he will be on campus. Call 1 (800) 732-8353 or visit to schedule an appointment.

Each year during the Open Enrollment period in October, you may change/cancel your coverage. The  change will go into effect on January 1, the following year. If you do not need to make any changes to  your coverage, you would not need to complete enrollment forms during Open Enrollment. Additional information with respect to plan changes, if any, together with other information will be mailed to each  retiree during Open Enrollment. 

Benefits coverage for you and your eligible dependents in effect at the time of retirement can continue.  Covered dependent children remain on your benefits until they no longer meet eligibility requirements,  usually the end of the month in which they turn 23 for vision and dental insurance, or 26 for health  insurance. Note: A retiree cannot add a dependent during retirement. 

Please review the applicable sections on the Retirement Process web page for information on your Life  Insurance, Accidental Death & Dismemberment Insurance, Long Term Care, TIAA Retirement Plan, and  Dental and Vision Plans.