Affiliated Faculty who are members of AFEC with at least 48 teaching credits are participants in the Emerson College Affiliated Faculty Mandatory Retirement plan. This plan includes a 1.5% employee mandatory contribution, and a 3% employer contribution. Vesting is 100%, meaning you own all contributions immediately once in your account.
Determinations of (new) plan eligibility are made twice per year, once before the fall semester and once before the spring semester. If newly eligible, the start dates for participation are 9/1 or 1/16, and the participant is automatically enrolled by Emerson.
Contributions to the Mandatory Retirement Plan will be directed to accounts with Transamerica. To access your account and make fund selections for the retirement plan contributions, go to the Transamerica website. For assistance with registration, see Transamerica Registration Instructions.
Note that all Affiliated Faculty members can enroll with the Voluntary Retirement Plan. More information on the Voluntary Plan can be found on this webpage: Voluntary Retirement Plan.
Loans from the Retirement Plan accounts are available through Transamerica. For information regarding loans, contact Transamerica at 800-755-5801.