To assist employees in planning for retirement, the college has established a defined contribution retirement plan. After one year of service, the college contributes an amount equal to 8% of an employee’s base compensation to an account in the employee’s name. In addition there is also an opportunity for an employee to make additional contributions and to manage their own investments. Full details are found in the plan documents listed below.
Did you know?
Are you saving enough for your retirement? Whether you plan to retire tomorrow and in 20 years, TIAA offers many tips and tolls to help people plan for their retirement. Visit www.tiaa.org for more information.