Financial and Retirement Benefits
Our benefits are designed to support your financial well-being and secure your future. Explore the range of plans we offer to help you achieve your long-term goals.
For details, consult our 2024-25 Employee Benefits Guide / en Español. For definitions, see the Glossary.
Retirement Plan
This plan is provided by TIAA. For plan details, view the Summary of Benefits (v1) / Summary of Benefits (v2).
Eligibility
Eligible faculty and staff must attain age 22 and complete one year of service. The one year waiting period may be waived if fully vested in another educational institution's retirement plan. Review the Summary Plan Description for full plan details.
Highlights
- Cal Lutheran may make a discretionary contribution to the eligible employee's plan.
- Employees are automatically enrolled when eligibility requirements are met.
- The vesting period for employer contributions to the plan for employees hired on or after January 1, 2021 is three years. This vesting schedule does not apply to employees who began employment prior to December 31, 2020.
Employee Retirement (403b) Contribution
This plan is provided by TIAA. For plan details, view the Summary of Benefits.
Eligibility
This option is available to all employees with no waiting period. Review the Summary Plan Description for full plan details.
Highlights
- Employee elects amount contributed by completing the election form.
- Individuals may elect to contribute to a pre-tax or Roth post-tax retirement plan according to the limits established by the IRS.
Long-Term Disability Insurance
This plan is provided by Lincoln Financial Group. For plan details, view the Summary of Benefits / en Español.
Eligibility
There is a benefit waiting period of 180 days — you will be enrolled once you have completed 180 days in the university's employ and work a minimum of 30 hours per week for staff employees, and 3/4 time annual for administrative and faculty employees.
Highlights
- Provided at no cost to the employee only.
- Reimbursement is approximately 66 2/3% of employee's last year's base wages, up to a maximum of $15,000 per month.
View our Employee Resources to see more coverage options:
As an employee in the state of California, you have access to short-term disability insurance, which is available after seven (7) consecutive days of work are missed. Coverage provides benefits for a maximum of nine (9) months.
All employees are covered for work-related injuries from the first moment on the job. Injuries must be reported to Human Resources within 24 hours of the injury. The campus Health Services office is available for treatment of minor injuries.
Basic Life and AD&D Insurance
This plan is provided by Lincoln Financial Group. For plan details, view the Summary of Benefits / en Español.
Eligibility
All regular and long-term temporary Faculty and Staff with an FTE of 0.75 (30 hours per week) or greater are eligible the first day of the month following the effective date or date of hire.
Highlights
- Provided at no cost for eligible employees.
- Value of two times base annual salary up to a maximum of $600,000 (taxable on coverage over $50,000). Value reduced by 35% after age 65 and 50% of the pre-age 65 amount at age 70. Coverage terminates at retirement. If you are diagnosed as terminally ill you may cash out up to 75% of your benefit.
Voluntary Life and AD&D Insurance
These plans are provided by Anthem. For plan details, view the Summary of Benefits for Voluntary Life Insurance and the Summary of Benefits for Voluntary AD&D Insurance.
Flexible Spending Account (FSA) Plan
This plan is provided by WEX. For plan details, view the Summary of Benefits.
Eligibility
All regular and long-term temporary Faculty and Staff with an FTE of 0.75 (30 hours per week) or greater are eligible the first day of the month following the effective date or date of hire.
Highlights
- Contributions are made by the employee on a pre-taxed basis.
- The plan year is January 1 through December 31.