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Retirement And Financial Security

At Lehigh, we are committed to being a partner in our employees’ financial security, both now and in retirement. That’s why we offer a variety of benefits designed to help you plan for your future and give you peace of mind.

Retirement

There are three elements to a secure retirement - employer contributions, your own savings, and Social Security. You can have a role in planning and managing each of them.

The Lehigh University Retirement Plan for Faculty and Staff

Lehigh's retirement plan includes a base contribution from the university as well as a matching incentive to encourage you to set aside personal savings as well.

Social Security and Medicare 

The federal program funded by both employer and employee taxes that offers a monthly income and health insurance in your retirement years.

Life Insurance

Basic and Supplemental Life Insurance

The premium cost for basic life insurance is paid by the university. Employees can purchase additional amounts at competitive rates.

Dependent Life Insurance

Eligible faculty and staff members may purchase Dependent Life Insurance to cover their spouses or domestic partners and their children. 

Disability Insurance

Short Term Disability

Lehigh University provides eligible faculty and staff members with Short Term Disability benefits in the event of an illness or injury that requires absence from work for a period of more than 10 continuous work days.

Long Term Disability Insurance

Lehigh provides Long Term Disability (LTD) Insurance to eligible employees to replace income at 66-2/3 percent of LTD Base Salary for periods of disability that exceed a 180 day elimination period. 

For More Information

The Flexible Benefits Enrollment & Reference Guide (2016) contains the information you need to make smart choices about your life insurance and long term disability insurance options during open enrollment and in response to qualifying life events.