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Moving Ahead: Lehigh's Retirement Plan Transition

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Over the course of 2013, Human Resources (HR) will be keeping you updated in Spotlight and elsewhere on progress towards launching Lehigh’s new retirement plan. To get up to speed on the Benefits Allocation Review process that preceded the decision to modify the university retirement savings program, visit the HR Benefits Allocation Review webpage

HR is now working with benefits consultant The Mercer Group to develop the new retirement plan. The major steps that are occurring this semester are:

  • Forming the Retirement Plan Investment Committee. This committee will develop, establish and document investment objectives and policies for the plan, as well as select the investments it will offer. 
  • Reviewing and evaluating proposals from five companies. These companies submitted proposals to serve as Lehigh’s retirement plan record keeper. A variety of investment funds from different companies will be available in the retirement savings plan; however, one company will be responsible for maintaining the records for each employee’s individual account.  A vendor decision should be made by April.

HR will hold open sessions and provide additional communication to all faculty and staff following the vendor selection. We will continue sharing details and updates over the course of the summer and offer information and education about the new plan during the fall semester.

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Spotlight is published monthly by Human Resources. Please address any comments to Hillary Kwiatek, Spotlight Editor, Human Resources, 428 Brodhead Avenue, send email to hik210@lehigh.edu, or call extension 85165.

Current and past issues of Spotlight can be viewed and searched at: Past Issues.