Alt Client Name

Faculty and Staff Retirement Plan

Carnegie Mellon University offers this plan as part of workplace benefits. Now is a great time to understand what is offered - think about taking advantage of any opportunities to save and invest for the future. 
Learn what plans allow eligible employees to do.
All employees can elect to contribute their own contributions. Carnegie Mellon University's rate of contribution is equal to 8% of base salary for participants with a 12-month appointment. For participants with nine-month appointments from September to May, the rate of contribution is 9.78% of academic-year salary; no contributions are made with respect to summer salary.
All employees who are US Citizens or US permanent residents and have attained age 21 are eligible for the plan. Only participants who are employed either full-time at Carnegie Mellon University or part-time at Carnegie Mellon University for at least 1,000 hours per employment year are eligible for Employer contributions. All employees can elect to contribute at any time.
Contributions from the University are vested if you complete at least three years of service with the University. You are also vested if you experience a severance from employment at or after normal retirement age or on account of death or permanent and total disability.  Your voluntary salary reduction contributions are always fully vested.

Learn which mutual funds and other investments are available

You can enroll now

Enroll or make changes in your plan(s) today