Basic Retirement Plan
Full-time faculty and staff who work at least 20 hours per week are eligible to receive contributions to a retirement plan after two years of service. Once the employee has completed the required enrollment material the College will contribute based on the employee’s regular salary:
|Regular Budgeted Salary||Rhodes Contribution|
|Up to $22,900||8%|
|In excess of $22,900||12%|
The College contributions are 100% vested upon deposit.
Eligible employees may choose from two vendors to invest their Retirement funds. Click on the link below to view details about available investments for each vendor.
TIAA-CREF – www.tiaa-cref.org/rhodes
VALIC – http://www.valic.com/
To view complete details, read the Summary Plan Description. Please contact Human Resources if you have questions or would like to receive enrollment material.