Required Retirement Plans
PERS (Staff)
Public Employees Retirement System (PERS)
- State of Alaska Plan
- PERS Defined Benefits (Tiers I, II, III)
- PERS Defined Contribution (Tier IV)
TRS (Faculty)
Teachers Retirement System (TRS)
- State of Alaska Plan
- TRS Defined Benefit (Tiers I, II)
- TRS Defined Contribution (Tier III)
ORP (Faculty / Staff)
Optional Retirement Plan (ORP)
- University of Alaska Plan
- Defined Contribution only
- Faculty and executives only (with rare exceptions for returning employees)
University of Alaska Pension Plan (Faculty / Staff)
- University of Alaska Plan
- University only contributions
- Returning employees may not be eligible
Voluntary Retirement Plans
Voluntary 403(b)
Two accounts offered
- Roth (post-tax)
- Tax-deferred (pre-tax)
- Employee only contributions
Deferred Compensation Plan - 457(b)
Officers and Senior Administrators only.
Social Security & Medicare
University of Alaska withdrew from Social Security in 1982.
Insurance Plans
Basic Life Insurance
Benefit-eligible employees are automatically enrolled in $100,000.
Supplemental Life Insurance
Three coverage options offered by Securian
- Employee
- Spouse/Financially Interdependent Partner (FIP)
- Child(ren)
Accidental Death and Dismemberment
Two coverage options offered by Securian
- Employee only
- Employee and family
Corestream
Discounts on coverages including
- Accident insurance, hospital indemnity, critical illness
- Identity theft and legal assistance
- Pet insurance
MASA Air and Ground Ambulance
Benefit-eligible employees can enroll in MASA to provide supplemental air and ground
ambulance protection for themselves or for their family.
Financial Health News
September 17, 2024
Set up a one-on-one consulting session with one of TIAA's dedicated consultants: Scott Rethford, Ivana Stanisic, or Jim Millleville.
September 11, 2024
A representative from the State of Alaska DRB will be on UAF's campus for in person meetings and presentations the week of September 16th! Read this article to learn how to attend one of the sessions or schedule a one-on-one.
NEW! TIAA Retirement Program Updates - COMING OCTOBER 2024
September 11, 2024
UA has partnered with TIAA to provide two new features - RetirePlus Select and Retirement Plan Portfolio Manager (RPPM) to help TIAA participants plan and save for their retirement. Read the article to learn more about these changes including what action may need to be taken.