The College’s retirement plans are with Teachers Insurance and Annuity Association (TIAA). The Defined Contribution (DC) Plan is funded by College contributions. The Tax Deferred Annuity (TDA) Plan is funded by employee contributions. Employees should review plan documents available on this page for details.
- DC Plan – The College makes contributions to the DC plan on behalf of employees after the eligibility criteria (12 consecutive months of eligibility service) is met. The College’s contribution is based on a percent of eligible compensation, currently 4.125%, and is 100% vested upon deposit. An employee contribution to the plan is not required to receive the College’s contribution.
- TDA Plan – Employees have the option of contributing to the TDA plan. The contribution is made through payroll deduction on a pre-tax basis. The employee contribution is limited to the maximum amount allowed by federal law. The employee contribution is 100% vested upon deposit.