| Overall Rating | Reporter - expired |
|---|---|
| Overall Score | |
| Liaison | Elizabeth Drake |
| Submission Date | June 29, 2012 |
| Executive Letter | Download |
Swarthmore College
PAE-T2-6: Socially Responsible Retirement Plan
| Status | Score | Responsible Party |
|---|---|---|
|
Reporter |
Clara
Fang Sustainability Coordinator Lang Center for Civic and Social Responsibility |
Does the institution offer a socially responsible investment option for retirement plans?:
A brief description of the socially responsible investment option for retirement plans:
Swarthmore College makes every effort to manage resources consistent with its values. All benefit eligible faculty and staff participate in Swarthmore College's Retirement Plan after completing one year of employment. Participation in the Swarthmore plan is mandatory, and contributions to the plan continue as long as the employee is actively employed by the College. Employees have a choice to invest in two funds; each offers a socially responsible investment. Every employee can make a determination of how retirement premiums are allocated to each fund within each fund's structure. Employees are 100% vested in their accounts on the date participation begins. Contributions to this basic portion of the Retirement Plan are calculated according to the following schedule:
College Contribution Employee Contribution
First $20,000 of salary 10% 0%
Salary in excess of $20,000 10% 5.5%
The College offers socially responsible investment options through:
* TIAA/CREF Social Choice Fund
* The Vanguard Socially Responsible Fund
The website URL where information about the program, policy, or practice is available:
Data source(s) and notes about the submission:
Employees make determinations of how retirement premiums are allocated to each fund and within each fund's structure.
Employees make determinations of how retirement premiums are allocated to each fund and within each fund's structure.
The information presented here is self-reported. While AASHE staff review portions of all STARS reports and institutions are welcome to seek additional forms of review, the data in STARS reports are not verified by AASHE. If you believe any of this information is erroneous or inconsistent with credit criteria, please review the process for inquiring about the information reported by an institution or simply email your inquiry to stars@aashe.org.