Information On The Coronavirus

Recent Updates: The New School has released its academic plan for 2020-21 and a phased reopening plan for its New York campus. Please check the Parsons Paris website for information about our Paris campus. Learn more.

  • Retirement Plans

    The New School currently offers one retirement plan, administered by TIAA. Once enrolled in the Tax Deferred Annuity plan, you can access your account online or call the TIAA Telephone Counseling Center at 800.842.2252 for account information. You can also meet with a TIAA consultant for an individual counseling session on campus by calling 800.732.8353 to schedule an appointment.

    TIAA’s live webinars can help you stay on track for meeting your financial goals. Reserve your spot today at

    Review the Summary Plan Description (PDF) for more information about these plans.

  • Tax-Deferred Annuity Plan - Employee Contributions

    You are eligible to make voluntary contributions to the Tax Deferred Annuity (TDA) plan beginning the first of the month following your hire date. New TDA enrollments and changes to existing elections can be made at any time through MyDay. Follow these instructions for making your change. Your enrollment or change will take effect in the pay period following the date you submit the benefit event through MyDay. 

    A variety of investment choices are offered by TIAA. You can select investment options and name beneficiaries for this plan online directly with TIAA (click "Ready to Enroll"; then select "Tax-Deferred Annuity Plan"). If you do not make an investment choice, your contributions will be automatically invested in a qualified default investment alternative, which is a TIAA Lifecycle Fund, on the basis of your expected year of retirement, assuming age 65. Review the fact sheet for Lifecycle Funds and the investment performance and fee information. You can change your investment choices online with TIAA at any time by logging in to your account.

    You can choose to contribute a percentage of your base annual salary or a flat dollar amount per paycheck. The maximum annual contribution as set by the IRS in 2020 is $19,500. Employees age 50 and older (and those who will attain age 50 by December 31) are eligible to contribute an additional $6,500 annually, as set by the IRS (referred to as the "Age 50+ Catch-Up"). If you have made or are making contributions to more than one employer's retirement plan, it is your responsibility to ensure that your total calendar year contributions do not exceed the maximum annual basic contribution amount and the Age 50+ Catch-Up contribution amount (if applicable).

    Your election is a Salary Reduction Agreement and shall be legally binding and irrevocable with respect to amounts paid while the agreement is in effect. Generally, employees must pay Social Security and Medicare tax on 403(b) contributions that they make into their Tax Deferred Annuity Account. It is recommended that you consult a tax advisor before making your elections.

    Please contact the Benefits Staff at or call TIAA at 800.842.2252 for additional information.

    Automatic Enrollment for Newly Eligible Employees

    Unless you decline to participate or otherwise make a separate election, you will be enrolled automatically in the TDA plan at a 3 percent contribution rate on the date indicated in the enrollment notification email you will receive. If you are automatically enrolled and do not make an investment choice, contributions will be invested in a qualified default investment alternative (see information above). If you have been automatically enrolled and you subsequently decline the enrollment or make a new election, the change will take effect on the first of the month following your change request. If you decline the automatic enrollment, you can elect to contribute at any time through  MyDay. Follow these instructions for making your change. 

    TIAA Self-Directed Brokerage Services Account

    TIAA offers a Self-Directed Brokerage Services Account within your retirement plan, giving you an opportunity to allocate your retirement plan contributions among a variety of investment choices beyond the investments offered through The New School.