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Defined Contribution Retirement Program (DCRP)

The Defined Contribution Retirement Program (DCRP) provides eligible members with a tax-sheltered, defined contribution retirement benefit, along with life insurance and disability coverage.

The Defined Contribution Retirement Program is a defined benefit plan where retirement benefit is based on a formula.

Defined Contribution Retirement Program Eligibility

You may be eligible to enroll in the Defined Contribution Retirement Program if you meet the following criteria:

  • Employed with the University for 1 year or more
  • Annual salary exceeds the maximum compensation limit of $55, 000

Defined Contribution Retirement Program Contributions

Employee Contribution:
5.5% of base salary made on a pretax basis
Employer Contribution:
3% employer match

Defined Contribution Retirement Program Vesting

Vesting:
1 Year or immediate, if applicable

How to Enroll in the Defined Contribution Retirement Program

Eligible employees will be contacted by a member of the Benefits team.

For more information, view the Defined Contribution Retirement Program Fact Sheet (PDF).