Institute contributions to the Base Plan are subject to a 3-year graded vesting schedule described in the chart below. Once you are 100% vested in the Institute’s contribution to the Base Plan, you remain 100% vested and the amount contributed by the Institute cannot be forfeited. However, if you terminate employment from the Institute prior to becoming 100% vested, the non-vested portion of your Base Plan account, including all associated investment earnings, will be forfeited. Regardless of vesting service, an Employee is automatically 100% vested at age 65 or if death occurs while actively employed.
Rehired Employees with an original date of hire prior to January 1, 2022 will continue to be 100% vested as of their original date of hire. Institute contributions made on or after January 1, 2022 will continue to be immediately 100% vested.
|Completed Years of Service||Percentage Vested|
|Less than 1||0%|
|1 but less than 2||33%|
|2 but less than 3||66%|
|3 or more||100%|
You are also eligible to make voluntary pre-tax and/or Roth after-tax contributions to the Caltech Voluntary Retirement Plan, up to the maximum annual deferral amount set by the IRS. We offer a variety of investment options. TIAA is the record keeper for the Caltech Retirement Plans.