Council Reports and Recommendations

Retirement Proposal (2018)

Formal university response to the USAC Retirement Proposal

Diermeier announces enhanced retirement plan with increase match, auto enrollment (My VU, Nov. 27, 2023)

4 things you need to know:

1. Effective Jan. 1, 2024, the university will match employees’ contributions to their retirement plan up to 6 percent, up from the previous 5 percent
2. To take advantage of the increased match, you can visit www.netbenefits.com/vanderbilt to update your voluntary contribution
3. New hires and rehires will be auto-enrolled in the retirement plan at the 6 percent match
4. Employees may update their voluntary contribution percentage, investment elections or beneficiaries at any time

Vanderbilt retirement plan enhancements to begin Sept. 3 (My VU, April 1, 2024)

• Retirement plan enhancements include an auto-advance adjustment, annual auto-enrollment and an annual increase program. 
• Starting Sept. 3, employees will have 35 days to opt out of these changes before they occur.  
• At any time in the future, an employee can change their voluntary contribution on a prospective basis.