Benefits
Cash Balance Plan
Information
On January 1 of each year TSRI contributes an amount equal to 5% (or $2,000, whichever is greater) of an employee's previous year's salary to a Cash Balance Retirement Plan. The employee is fully vested after three years of eligible service.
Employees in Grades 13 and above in a non-scientific position are eligible to participate in the Faculty and Management Plan, at a 10% contribution rate.
Please note new employees hired as of January 1, 2009 or later must fulfill a one year waiting period before contributions will commence. The one year waiting period counts towards vesting.