Pension Plan and Tax Deferred Annuity

After you have completed a year of service at Haverford as a full-time or part-time employee, the College will contribute an amount equal to 12% of your salary to a pension program.  You can direct that this 12% contribution be invested through TIAA/CREF and Fidelity Investments or split between the two. Further, you will be able to direct that the 12% be invested in a wide range of common stock and bond options offered by TIAA-CREF and Fidelity Investments.

In addition to the basic 12% retirement plan contribution, you may at any time begin making voluntary, tax-deferred contributions under the Haverford College Tax-Deferred Annuity plan.  These voluntary contributions can be invested with the same vendors to whom the College contributes under the basic plan.  Further details about this program are contained in the Summary Plan Descriptions in the Appendix to this Handbook.  The Plan Descriptions booklet, application forms and, other more detailed information are available from the Human Resources Office.

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