About Duke's Retirement Plans
Duke offers two different types of retirement plans. Eligibility for participation in these plans is
determined by whether you are paid biweekly or monthly. Both plans provide a comparable retirement income.
Benefits of Investing in the Duke Retirement Plan
By investing in your Duke 403(b) tax-qualified plan, you can save for your retirement from the following
features:
Pre-tax contributions
You contribute a specified amount or percentage of your pay, by payroll reduction, before income tax withholding is
calculated. This reduces your current taxable income and lets you save money that otherwise would have gone toward income
taxes.
Tax-deferred accumulation
Current taxes on contributions to your account, and on interest and earnings from the account, are deferred until
withdrawal or when you begin receiving regular payments. Tax-deferred earnings, coupled with the power of compounding,
can provide greater growth than might be possible with taxable savings methods. Please Note: Investment values will
fluctuate so that an investor's units, when withdrawn, may be worth more or less than the original cost.
How to Enroll in Your Duke 403(b) Retirement Plan
Your Duke retirement plan is a 403(b) plan, which enables you to contribute to your retirement on a tax-deferred
basis. In order to enroll in the plan, you must know how much you would like to contribute and where you would like
your contributions invested.
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Dwight and LaShosta Parham dream big about retirement. The question for them and others is: Will they be financially ready?
