7.3 Pension Contributions
All eligible employees are enrolled in the TIAA-CREF Pension. All faculty on regular/tenure track and extended term appointments are immediately eligible for this benefit. All faculty on term/other appointments are eligible after two years of service. An eligible faculty member must maintain at least a 50% FTE to remain eligible. Calvin contributes an amount equal to 10% of salary to the enrolled employee's contract. Details about this plan are made available at time of employment, and periodically thereafter.
