Eligible faculty and staff that are paid monthly may participate in the Duke Faculty and Staff Retirement Plan. The Faculty and Staff Retirement Plan for monthly employees is a program that is funded both by your and Duke's contributions.
When Participation Can Begin
Duke may make contributions on your behalf after you have completed one year of service and have attained age 21. You may be eligible to waive the one year wait for the Duke contribution if your hire date with Duke is within 90 days of your date of termination with your immediate previous employer and you were receiving fully vested employer contributions or accruals under a Code Section 403(b), 401(k), or 401(a) retirement plan maintained by the prior organization. Your immediate previous employer must be an organization as described in Section 501(c)(3) of the Internal Revenue Code (the Code) (examples: churches, schools, colleges/universities, hospitals, medical research organizations, some publicly supported/ community organizations) or a state educational organization as described in the Code Section 403(b)(1)(A)(ii). It is your responsibility to provide proof of participation with your previous employer's plan. Click here to learn more.
Summary Plan Description
Please refer to the Summary Plan Description for further details on plan benefits, eligibility, and the investment options available.