Retirement Plan

Eligible staff members are enrolled in the college's 403(b) defined contribution retirement plan. The retirement plan is designed to provide eligible staff members with a source of income in planning for their retirement needs. Calvin College contributes an amount equal to 10 percent of the annualized salary, as reported on the staff member's salary information sheet, to each enrolled staff member's retirement plan. Details about this plan are made available at the time of employment and periodically thereafter.

Eligible staff members may also make tax-deferred contributions to a supplemental retirement plan (SRA) subject to IRS limitations.