Retirement Benefits
Bates College maintains two separate plans providing Retirement benefits. For a summary of the plans click here.
Bates College maintains two separate plans providing retirement benefits, the Bates College Money Purchase Pension Plan (Bates College Pension Plan) and the Bates College 403(b) Retirement Plan (Bates College Savings Plan). In order to participate in the Bates College Pension Plan, or receive the 1% Match plan from the Bates College Savings Plan, the employee must be classified in a benefit status of half-time or more. All employees regardless of their status can contribute to the Bates College Savings Plan. If a non-benefit eligible employee exceeds 1000 hours in an employment year, he or she will become eligible to participate in both the Bates College Pension Plan and receive the 1% Match on the anniversary of their employment year.
Source: Bates College Employee Handbook.
Click on the links below to find out more about our retirement benefits.
- TIAA-CREF Official Web Site
- On-line Enrollment Guide
- Bates College Retirement Plan
- Bates College 403(b) Retirement Plan
- Salary Reduction Agreement
Latest update: 09/20/10