Benefits
Faculty and Management 401(a) Plan
TSRI Faculty and Management Retirement 401(a) Plan
TSRI maintains a Money Purchase Retirement Plan for employees in eligible positions, which vests after three years of service. Contributions are made to Fidelity Investments, which the employee may direct to a wide array of funds.
As of January 1, 2009 or later new employees must fulfill a one year waiting period before contributions will commence. The one year waiting period counts towards vesting.
| Employer Contributions (to IRS limit) | |
|---|---|
| Associate Professor without Tenure Assistant Professor Director Senior Scientist Associate Scientific Director Staff Scientist Employees in grades 13 + (non-scientific positions) Professor of "Subject" Associate Professor of "Subject" Assistant Professor of "Subject" |
10% |
| Associate Professor with Tenure Senior Director Scientific Director |
15% |
| Senior Scientific Director (age 40+) Chairperson (age 40+) Professor (age 40+) Senior Executive (age 40+) |
20% |