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Benefits

Our Benefits: More Great Reasons to Work at the U

If you are considering working at the University, take some time to explore our complete package of rewards. We believe in “total compensation”—not just competitive wages but a full scope of benefits to support our extraordinary faculty and staff and allow them to be their best selves. To ensure that you and your family will be healthy physically, emotionally, financially, socially, and professionally, we offer:

  • Full medical, dental, and pharmacy plans
  • A comprehensive wellbeing program
  • Retirement plans
  • Tuition benefits
  • Leadership development and training
  • And much more

For more detailed information, see The Benefits of Working at the U and Benefits Summaries for Prospective Employees.

 

Retirement Plans to Transition to a New Service Provider in 2020

The Faculty Retirement Plan, Optional Retirement Plan, and the 457 Deferred Compensation Plan will move to a single service provider, Fidelity Investments, on April 1, 2020.

After reviewing its retirement plans and comparing the retirement benefits offered by similar institutions, the University decided that the move to Fidelity would best improve the plan experience for employees. The benefits of the transition include making plan provisions more understandable and accessible, improving education and one-on-one consultations, and restructuring and simplifying the fund lineup. You can find more information on the Retirement Plan Transition website.

Questions About Your Benefits?

New employees can learn about their benefit options with the 2020 Guide for UPlan Benefits Enrollment (pdf). The 2019 Medical Summary (pdf) and 2019 Dental Summary of Benefits (pdf) are available for current employees.

Call 4-UOHR (612-624-8647 or 800-756-2363) and select option 1 or send an email to benefits@umn.edu.