The Deferred Vesting Retirement Plan


Faculty and staff who are regularly scheduled to work 1,000 or more hours per year (i.e., 51% or more time) are generally considered eligible to participate in the plan* and may receive University contribution. Faculty and staff working less than 1,000 hours per year may make voluntary contributions to the Plan.

If you were hired on or after the date specified above for your group but had prior service at Brown, please contact the Benefits Office to verify your eligibility for the Deferred Vesting Retirement Plan.

*Employees who have prior service with Brown University may be eligible for different retirement plan benefits. Retirement benefits for eligible employees may vary in several ways; percent time worked, employee group, and job title are primary factors.


Voluntary Contribution

Eligible faculty and staff may make voluntary contributions starting on the first day of the month following the date of employment. The minimum contribution is $200 per year.

You may change your contribution amount as frequently as monthly in Workday. Changes in the level of contribution may increase or decrease the University contribution made on your behalf. Please refer to the table below illustrating the different levels of Employee and University contributions.

University Contribution

University contributions begin after 6 months of employment and are determined as a percentage of the eligible salary. University contributions vary depending upon the employee's age, years of service, and matching contribution. The following table illustrates the different levels of employee and University contributions:

University Contribution
For Employees Below Age 55, or If Ages 55 Or Above With Less Than 10 Years Of Service
University Contribution
For Employees Ages 55
or Above And With 10 Or
More Years Of Service
0% but less than 1%
1% but less than 2%
2% or more


Maximum Deferral

Your maximum voluntary contribution, otherwise known as the maximum elective deferral, is established by federal guidelines. Your matched employee contributions to the Plan (i.e., 1% or 2%, as listed in the table above) are counted as part of your contribution limit.

Click here for details on the annual contribution limits as set by the IRS for the current year.

Your employment status, percent time, salary, and leaves of absence may affect the amount you can defer. Additionally, the contribution limit set by the IRS applies to all retirement plans with elective deferrals in which you may be participating, such as another employer's 401(k) or 403(b) plans.

If you are, or will be saving for retirement through another personal plan or another employer's plan, you should inform the Benefits Office representative at your new hire orientation, so that we can assist you with identifying the applicable limit for your contributions.


University contributions become vested (i.e., owned by you) over time subject to the following schedule:

Completed Years of Service
Vested Percentage
Forfeitable Percentage
Less than 2
2 but less than 3
3 but less than 4
4 but less than 5
5 or more

You are fully and immediately vested in your own Employee contributions, and such amounts are non-forfeitable.

Contact Us

If you have questions about the information contained in any of these summaries, please contact the Benefits Office by phone at 401-863-2141 or via email at: Benefits_Office@Brown.EDU.

Note: The information presented above represents a summary of the plan's eligibility and benefits; in the event of a conflict between the above information and the plan document, the plan document will apply.