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8.11 Retirement Plan

Approved by Administration, Consultation: Academic Council

The University requires all eligible faculty members to enroll in the tax deferred, defined contribution, group retirement annuity plan. If age 40 or over, mandatory participation will begin on the first day of the month following the date of employment. For faculty at least 26 but under age 40, participation begins after a preliminary service period of one year. The requirement can be satisfied by a year of employment at another institution of higher education prior to employment at the University of the Pacific. The University determines contribution rates by both the faculty member and the University. Contributions are vested immediately and are tax-deferred. Current benefit rates are available at DHR.

8.11.1 Phased Retirement