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Defined Contribution Plan

Summary

Regular or fixed-term employees scheduled to work 1,000 hours or more per fiscal year may enroll in the Rensselaer Defined Contribution Retirement Program. (Employees hired before February 1, 2006 and scheduled to work 720 hours per fiscal year, including at least 16 weeks of at least 20 hours, may also enroll.

Employees contribute 1 percent of gross earnings per pay period on a pretax basis. Rensselaer contributes 8 percent of the same applicable gross earnings.

Retirement payroll deductions may commence the first of any month following the date of hire and receipt by Human Resources of completed Rensselaer and fund sponsor enrollment forms.

 
Last modified: April 4, 2014
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