All Employees - Effective
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June 1,
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2013
Defined Contribution Plan - Bethel contributes an amount equal to 5% of a variable percentage of each eligible employee's annual salary on an immediate vesting basis to TIAA-CREF Group Retirement Annuity.
As of August 1, 2020, the percentage that Bethel contributes to eligible employees is equal to 2%. Please note that this percentage is variable can be increased or decreased at Bethel's discretion.
Employees with a Start Date on or Before December 1, 2005: Frozen Defined Benefit Plan Effective August 31, 2006 and 10% Defined Contribution Plan Effective September 1, 2006
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Defined Contribution Plan – Effective August June 1, 20162013, see Defined Contribution Plan above for details.
Employees with a Start Date on or Before December 1, 2005: Defined Benefit Plan and 4% Defined Contribution Plan
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Defined Contribution Plan - Effective August June 1, 20162013, see Defined Contribution Plan above for details.
Employees may also contribute to a 403(b) account on a voluntary basis. See the Voluntary Tax-Deferred Annuity - 403(b) section of the Employee Handbook for more details.