Vanderbilt Retirement Plan — Faculty Eligibility
Mandatory
As a new faculty member you will be automatically enrolled in the Vanderbilt Retirement Plan. If your appointment date is the first of a month, your enrollment begins that month; if your appointment date is any other day of the month, your enrollment begins on the first of the month following your appointment date.
Basic
You may also choose to contribute an additional 2% that Vanderbilt will match dollar-for-dollar.
Supplemental
You may contribute up to IRS limits.
If your salary puts you into what Section 414(q) of the Internal Revenue Code defines as ‘highly compensated’ during the remainder of the calendar year in which you are hired, the Vanderbilt match will cease on the first of January after your appointment date. Your matching contributions will resume when you reach the one-year anniversary of your appointment date.
For more information, please call HR Customer Service at 615.322.8330.
Vanderbilt University is committed
to principles of equal opportunity and affirmative action.
HR Express 2525 West End Ave Suite 218 Nashville TN 37203 Hours M-F 7:30 - 5:30 Last Updated: October 19, 2009 |
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