Restoration of Duke Contribution to the Faculty and Staff Retirement Plan
Duke to make one-time deposit for period of January 1-June 30, 2021
June 17, 2021
Dear Faculty and Staff Colleagues,
On March 25 Duke announced that the employer contribution to the Faculty and Staff Retirement Plan for eligible employees would restart beginning July 1 as originally planned.
Today we are writing with more good news: the cost savings efforts, strong investment returns and generous donor support that we have seen over the past year have made it possible for Duke to restore the employer contribution retroactive to January 1, 2021.
During the month of July, the Faculty and Staff Retirement Plan accounts for all eligible participants will receive a one-time deposit of the amount that would have been contributed during the period January 1-June 30, 2021. Faculty and staff must be on the active payroll effective July 1 to be eligible for the retroactive payment. No action is required for this or the resumption of regular contributions on July 1. Further information is available at https://hr.duke.edu/dukecontribution.
We are so very grateful for the countless ways that Duke faculty and staff across our organization have gone above and beyond during the pandemic to maintain our commitments to education, discovery, service, and patient care—a collective effort made all the more extraordinary by the personal sacrifices so many have faced at home. Thank you for your courage, creativity, and resolve amidst the most sustained disruption we have ever faced as a university and health system. We are proud to call you colleagues.
Vincent E. Price
President
Sally Kornbluth
Provost
A. Eugene Washington
Chancellor for Health Affairs
President and CEO, Duke University Health System
Daniel Ennis
Executive Vice President
This message is being sent to all Duke faculty and staff eligible to receive the Duke contribution to the Faculty and Staff Retirement Plan.