Dickinson College
Tier2-3: Socially Responsible Retirement Plan

Dickinson College participates in a retirement program underwritten by Teacher’s Insurance and Annuity Association and College Retirement Equities Fund (TIAA-CREF), Fidelity Investments, or a combination of both. Eligibility occurs following the completion of one year of full-time service with the College. After the one-year waiting period, Dickinson College contributes an amount equal to 7% of your base salary. The one-year waiting period is waived for persons presently employed (meaning you are employed now and in that organization’s retirement plan) coming to Dickinson with an active, 100% vested and qualified retirement plan. The waiver was established so that candidates presently employed, in a retirement plan and 100% vested would not lose retirement benefits when they choose to join Dickinson. In addition to the retirement plan, employees are eligible to participate in the Dickinson College Tax Deferred Annuity Plan (TDA) in accordance with Sections 402(g), 403(b), and 415 of the Internal Revenue Code effective from your date of employment. In this plan you can elect to reduce your salary on a pre-tax basis and contribute that amount into a federal tax-deferred plan with either TIAA-CREF or Fidelity Investments. The IRS limits the maximum amount you can put into a tax-deferred 403(b) retirement plan in any given year. All benefits arising from these contributions are immediately and fully vested. The Emeriti Program is a tax advantaged way to invest and accumulate assets during working years to help meet health care expenses during retirement. The College contributes on behalf of eligible employees age 35 and older with one year of service. See insert for current employer contribution amounts. Employees age 21 and older may also make voluntary contributions on an after-tax basis (no maximum applies).