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Partnering for Your Financial Future

NorthShore University HealthSystem shares responsibility for retirement planning by providing employees competitive and valuable benefits that meet the diverse and changing needs of our workforce.

NorthShore University HealthSystem Tax-Deferred Annuity Plan (TDA Plan)

All NorthShore employees are eligible to participate in this retirement savings plan upon hire.

  • Contribute up to 45 percent of annual income on a pre-tax and/or Roth after-tax basis (up to IRS limits).
  • If eligible, receive an annual discretionary Employer Matching Contribution (between 0%-50%) on up to 6% of your eligible earnings.
  • If you are an eligible employee, you will also receive 3% Base Employer Contributions each payroll period, regardless of whether you make Pre-Tax and/or Roth After-Tax Contributions to the TDA Plan.

Section 529 College Savings Plan

All NorthShore employees are eligible to participate in this plan upon hire.

  • Contribute up to $15,000 ($30,000 for married couples) per year per beneficiary without incurring gift taxes.
  • Illinois residents can deduct contributions from Illinois state taxable income up to $10,000 per year ($20,000 if married and filing jointly).
  • Savings can be used to pay for tuition, fees, room and board, books and other required supplies at any accredited college or university.