Pension Plan

Under the MIT Pension Plan, also known as a Basic Retirement Plan, MIT provides a basic retirement benefit that will be paid to you upon your retirement as a monthly income for the rest of your life. If you have 15 or fewer years of vested service credit when you leave MIT, you will have the option of taking your benefit as a single lump sum. Enrollment is automatic, and you do not contribute. MIT pays the full cost of the Pension Plan. Learn more: http://hrweb.mit.edu/benefits/pension.