It’s never too early or too late to begin planning for retirement. GW provides a number of retirement plans and services to support you in your retirement planning.
You may begin making contributions to GW’s Supplemental Plan upon employment with the university. The plan allows you to make pre-tax contributions or post-tax Roth contributions toward your retirement.
After completing two years of service at GW you will be automatically enrolled in GW’s 401(a) Retirement Plan. Once you are enrolled, GW will make a base contribution of 4 percent of your eligible salary to an account on your behalf. If you participate in the 403(b) Retirement Plan you are also eligible to receive a matching contribution from the university. GW will match 150 percent of the first 4 percent of your contributions to the 403(b) plan, up to a maximum match contribution of 6 percent of your eligible annual compensation.
The George Washington University Eligible Deferred Compensation Plan, or 457(b) Plan, allows a limited group of highly compensated employees to defer compensation in a tax-favored manner under a non-qualified plan.
Representatives from Fidelity and TIAA-CREF are on campus regularly to provide one-on-one retirement counseling to help you make the most of your investment.
All regular faculty and staff have access to GW's Wellbeing Hotline. The Wellbeing Hotline provides a variety of resources to save you money and help with financial issues. Included in this benefit is free telephonic consultations to assist with budgeting, credit/debt counseling, dispute with creditors, collections, repossession, liens, foreclosure, bankruptcy, credit repair, and debt consolidation, as well as referrals for additional services as necessary.