Retirement

Let’s plan for your retirement.

Each of us has a distinct set of hopes, dreams, and worries related to retirement. Regardless of how you view that transition—the when, why, and how—we have resources to help make your future plans a reality.

At MCPHS, we offer various retirement savings benefits to all employees, whether full-time, part-time, or adjunct.

403(b) Plan

MCPHS offers a 403(b) Tax Deferred Annuity Plan (403(b) Plan) retirement savings plan. The 403(b) plan is a tax-deferred plan which allows eligible employees to contribute 1-80% of their eligible compensation each pay period on a pre-tax and/or after-tax ROTH basis (up to IRS limits) into the investment options in the Plan they choose to invest in.

MCPHS will automatically enroll eligible employees to contribute 5% of their eligible earnings on a pre-tax basis each pay period after 30 calendar days of employment. Employees may opt-out, stop, start, increase, or decrease their contribution percentage at any time.

401(a) Pension Plan

MCPHS provides eligible employees with a 401(a) Pension Plan.  This qualified retirement plan is an integral part of employees’ total compensation package. The MCPHS University 401(a) Plan is a 100% employer-funded plan. For employees who work (or are projected to work) a minimum of 1,000 hours each fiscal year, MCPHS makes an employer contribution equal to 10% of eligible compensation. Employees may choose which investments options of the plan in which to invest.

More retirement information for current employees.