Duke to Restore Contribution to Faculty and Staff Retirement Plan
Temporary suspension helped address financial issues from pandemic's economic fallout
Last year, as part of an effort to address financial issues stemming from the economic fallout of the pandemic, Duke announced a 12-month suspension of the employer contribution to the Faculty and Staff Retirement Plan for eligible faculty and staff.
As communicated at that time, the Duke contribution will automatically resume on July 1, 2021, for University and Health System employees eligible to receive Duke’s contributions. The contribution rate will remain the same as it was prior to the suspension. No action is required by the employee. The Duke contribution will automatically resume for eligible faculty and staff once the suspension has ended.
Voluntary contributions by employees were not affected by the suspension or the resumption of the Duke contribution.
For more information about this change, please visit the Duke Human Resources website.