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An excellent way to save for retirement and reduce your current tax liability is to contribute a portion of your salary to an employer-sponsored retirement plan. At Dickinson, employees can contribute dollars, before taxes, to plans administered by TIAA and/or Fidelity.

CONTRIBUTION LIMITS FOR 403(b) PLANS - The contribution limit increases from $23,000 to $23,500 for calendar year 2025.

CATCH UP DEFERRALS - Employees age 50 and older can save an additional $7,500, through a catch-up provision, bringing the limit up to $31,000 for calendar year 2025. These additional contributions are available to any eligible employee based solely on age, regardless of past contributions or length of service.

EMPLOYEES WITH 15 OR MORE YEARS OF SERVICE - If you have more than 15 years of consecutive service at Dickinson, you MAY BE eligible to contribute an additional $3,000. The rule that caps this $3,000 at a lifetime contribution of $15,000 does still apply. If you have used the "15-Year Rule" or you have contributed a substantial percentage in the past, you may not have the full $3,000 available. Please contact Michelle Spencer in Human Resource Services to learn more about this opportunity.

These retirement contribution limits from the federal government are based on the calendar year. Even though the normal flexcomp election cycle at Dickinson occurs on a fiscal year (July - June) basis, you can make a change to your retirement contributions once a quarter if you choose to do so.

Updates may be made directly by employees via Workday. Please follow the instructions below. Questions may be directed to Human Resource Services.

To update an existing retirement deduction:

1. Log in to the
2. Select the Workday icon
3. Select your Profile photo
4. Select View Profile
5. Select Benefits
6. Click on Change Retirement Savings
7. Select the effective Date of Change
8. Click on Manage elections
9. Click on Confirm and Continue
10. Adjust your contribution amount
11. Review Changes
12. Submit Changes

To stop an existing retirement deduction:

1. Log in to the
2. Select the Workday icon
3. Select your Profile photo
4. Select View Profile
5. Select Benefits
6. Click on Change Retirement Savings
7. Select the effective Date of Change
8. Click on Manage your elections
9. Select Waive for the appropriate benefit plan
10. Click on Confirm and Continue
11. Review Changes
12. Submit Changes

To add a New retirement deduction:

1. Log in to the
2. Select the Workday icon
3. Select your Profile photo
4. Select View Profile
5. Select Benefits
6. Click on Change Retirement Savings
7. Select the effective Date of Change
8. Click on Enroll elections
9. Select benefit option
10. Click on Confirm and Continue
11. Select Contribution Type
12. Add Contribution amount or percentage
13. Review Changes
14. Submit Changes

For assistance, please refer to the Workday HCM Job Aids and Videos webpage or email hrservices@dickinson.edu. 

Although the information on the Human Resource Services web pages is kept as accurate as possible, it is for information purposes only and is subject to change at any time. The official documents and policies are maintained in the Human Resource Services office.