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Retirement Plan - TIAA-CREF
DWU's retirement plan is provided by TIAA-CREF, the Teacher's
Insurance Annuity Association - College Retirement Equities Fund.
- immediate eligibility
- 3 year vesting schedule
-after 1 year of employment = 25% vested
-after 2 years of employment = 50% vested
-after 3 years of employment = 100% vested
- voluntary (employees don't have to contribute unless they wish to),
contributory (DWU will contribute only if the employee does)
- life-insurance annuity plan
- DWU will match contributions of 2-5% of gross monthly salary
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