Alt Client Name

Defined Contribution Retirement Plan

PLAN INFORMATION
Research Foundation of CUNY 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.
Employee contributions of 3% are mandatory for employees hired on or after 7/1/1994 and before 1/1/2000. Employees hired on or after 1/1/2000 AND have been employed 4 or more years must also contribute 3% (0% for all others).

Employees hired on or after January 1, 2009 (Tier IV) do not need to make a contribution and Grants Plus employees hired on or after January 1, 2008 also do not need to make a contribution until they have been employed for 4 years or more when they must make a contribution of 3%.

Employer Matching
For Tier I employees, Research Foundation of CUNY will contribute 11% of the first $16,500 of compensation and 14% of compensation above $16,500. For Tier II and III employees with less than 8 years of service, Research Foundation of CUNY will contribute 8% of compensation and 10% in years 8 and higher.

For Employees Tier IV employees with between 2 and 7 years of service, RF CUNY will contribute 8% of compensation, and 10% in years 8 or higher. For Grants Plus employees with between 2 and 7 years of service, RF CUNY will contribute 7%, and 9% in years 8 and higher.
EXPLORE OPTIONS
null

Learn which mutual funds and other investments are available

You can enroll now
null

Enroll or make changes in your plan(s) today

1555076