Retirement Healthcare Savings Plan
Employees may choose to participate in USU's optional Retirement Healthcare Savings Plan at any time. To participate, the minimum yearly contribution is $200/yr.
To enroll or make changes to your monthly contribution, please click HERE.
The Retirement Health Savings Plan Summary Plan Document, please click HERE
Contributions are madethrough post-tax payroll deductions. The money you contribute belongs to you, and grows tax free. It is only available to you when you leave the University, by retiring or due to the end of employment. The funds must be used for health care expenses for yourself, your spouse, or qualified dependents. The purpose is to save for medical expenses in retirement, however you may use this money to pay for COBRA premiums if you leave the University. The RHSP is administered by TIAA-CREF.