| Employment Opportunities
Forms Library
Benefits
ES Staff
Payroll
Student Employment
Employee Handbook
 
Sustainability Practices
Employee Handbook
Table of Contents
1 - Purpose of the Employee Handbook
2 - Facts about Macalester
3 - Staff Employment
4 - Staff Wage and Salary Plan
5 - Staff Training and Development
6 - Faculty Personnel Policies and Procedures
7 - Curricular Policies and Procedures
8 - Academic Department and Program Policies and Procedures
9 - Faculty Professional Activities Programs
10 - Faculty Directory, Officers and Committee Memberships
11 - Employee Benefits
12 - Additional College Policy Statements
13 - Health and Safety
14 - HIPAA Policies and Procedures
Handbook Index
Faculty Constitution and By-Laws |
 |
11.12 Supplemental Retirement Plan
All employees are eligible to contribute to a Tax Deferred Annuity through one of our two vendors, TIAA-CREF and The Vanguard Group starting the first day of any month. There is no waiting period and all contributions are made by the participant. Participants may contribute any amount up to his/her individual IRS annual maximum. The individual maximum is based on age, length of service and salary, it may vary from year to year. The individual maximums are computed by the TIAA-CREF. The minimum annual contribution required is $200.
Choices regarding available funds and their allocation are the same as the regular retirement plan. The TIAA-CREF tax deferred annuities offer a loan provision.
By using salary reduction, participants may elect to defer tax payment on their contributions to the Plan until they start receiving retirement income. Contact the Employment Services Department for further information and enrollment procedures.
|
 |