51ÎÛÂþ

(2018)

(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 visitÌýÌýto 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

(My VU, April 1, 2024)

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

(MyVU, December 10, 2025 51ÎÛÂþ)

• Effective Jan 1, 2026, Vanderbilt will increase its voluntary matching contributions from 3% to 3.5%. This increase, coupled with the mandatory contribution match of 3%, moves the total match of retirement contributions from 6% to 6.5%.
• If you currently have a voluntary contribution rate of 3.5% or more, you do not need to take any action. The increased match will automatically be included in your future pay checks.Ìý
• If you currently contribute less than 3.5%, you may want to consider increasing your contribution rate to take advantage of the full match from Vanderbilt.