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Box 90496
Durham, NC 27705
(919) 684-5600

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RETIREMENT PLANS

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.

Biweekly Paid Employees	Monthly Paid Employees
Biweekly paid employees are eligible for two Duke retirement plans — the Employees' Retirement Plan and the Duke Savings for Retirement Plan. The Employees' Retirement Plan is a pension plan paid for entirely by Duke. The Duke Savings for Retirement Plan is a 403(b) plan, funded by your voluntary pre-tax deductions.	Faculty and monthly paid staff are eligible for the Duke Faculty and Staff Retirement Plan. This program is funded both by your and Duke's contributions.

Benefits of Investing in the Duke Retirement Plan

Dwight and LaShosta Parham dream big about retirement. The question for them and others is: Will they be financially ready?

When it comes to retirement, emotional preparation is just as important as financial preparation. Duke's Personal Assistance Service offers some insight on how to cope.

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 Please Note: Investment values will fluctuate so that an investor's units, when withdrawn, may be worth more or less than the original cost.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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