Human Resources Department

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HANDBOOK FOR SUPPORT STAFF


SECTION 3 : BENEFITS
3.5 PENSION PLAN

You are eligible for the college-paid TIAA/CREF pension plan after you have completed two consecutive years of service at 1000 hours or more each year. Continued eligibility requires a work assignment of at least 1000 hours per year. The College contributes an amount equal to 10% of your base pay up to the social security wage base, and 15% of salary beyond that base, to an annuity policy which you receive from TIAA/CREF. You are not required to contribute to this plan. Under some circumstances involving prior pension plan participation, you may be eligible to participate in the pension plan before two years of service have been completed. Consult with the Human Resources Office for complete details about the pension plan.