{"id":8646,"date":"2018-01-02T16:17:02","date_gmt":"2018-01-02T21:17:02","guid":{"rendered":"https:\/\/www.bu.edu\/hr\/?page_id=8646"},"modified":"2025-12-03T12:43:59","modified_gmt":"2025-12-03T17:43:59","slug":"the-bu-retirement-savings-program","status":"publish","type":"page","link":"https:\/\/www.bu.edu\/hr\/finances\/the-bu-retirement-savings-program\/","title":{"rendered":"The BU Retirement Savings Program"},"content":{"rendered":"<h4>The BU Retirement Savings Program: <em>Understanding the Contributions<\/em><br \/>\n<iframe loading=\"lazy\" width=\"560\" height=\"315\" src=\"https:\/\/www.youtube.com\/embed\/0MGtVqGd-Wk\" frameborder=\"0\" allow=\"accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen=\"allowfullscreen\"><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\">\ufeff<\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\">\ufeff<\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\">\ufeff<\/span><span style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" data-mce-type=\"bookmark\" class=\"mce_SELRES_start\"><\/span><\/iframe><\/h4>\n<p>Regardless of your age, the time to think about retirement is now. With careful planning, you can help make your retirement years a more comfortable and secure time of life for you\u2014and your family.<\/p>\n<p>Your retirement benefits include a set of plans collectively called the BU Retirement Savings Program:<\/p>\n<p><strong>\u00a0<img loading=\"lazy\" src=\"\/hr\/files\/2017\/08\/blue-wallet.png\" alt=\"blue-wallet\" class=\"alignnone wp-image-8109\" width=\"28\" height=\"26\" \/> <span style=\"color: #000000;\"><a href=\"https:\/\/www.bu.edu\/hr\/finances\/retirement-plan\/\" style=\"color: #000000;\">The BU Retirement Plan<\/a><\/span><\/strong>, for University contributions only<\/p>\n<p><strong><img loading=\"lazy\" src=\"\/hr\/files\/2017\/08\/red-wallet.png\" alt=\"red-wallet\" class=\"alignnone wp-image-8110\" width=\"29\" height=\"27\" \/> <span style=\"color: #000000;\"><a href=\"https:\/\/www.bu.edu\/hr\/finances\/supplemental-retirement-savings-plan\/\" style=\"color: #000000;\">The Supplemental Retirement &amp; Savings Plan<\/a><\/span><\/strong>, for your contributions only<\/p>\n<p><strong><img loading=\"lazy\" src=\"\/hr\/files\/2017\/08\/red-wallet.png\" alt=\"red-wallet\" class=\"alignnone wp-image-8110\" width=\"29\" height=\"27\" \/><\/strong><a href=\"https:\/\/www.bu.edu\/hr\/finances\/457b-savings-plan\/\"><span style=\"color: #000000;\"><strong> The 457(b) Savings Plan<\/strong><\/span>,<\/a> for additional tax-deferred contributions for highly paid faculty and staff<\/p>\n<p>Each of these plans is described in subsequent sections of this site.<\/p>\n<h4>Features of the BU Retirement Savings Program include:<\/h4>\n<ul>\n<li><em>Automatic enrollment for all eligible faculty and<\/em> <em>staff<\/em><\/li>\n<li>Boston University automatic core contributions <em>that require no employee contribution<\/em><\/li>\n<li>Boston University matching contributions dollar-for-dollar up to 3%<\/li>\n<\/ul>\n<h5>Integration Level 2026: $72,500<\/h5>\n<p>For 2026, the integration level is $72,500 for the University core contributions. This value is adjusted each calendar year based on the Wage Base increase or the Consumer Price Index (wages) increase, whichever is smaller.<\/p>\n<p>Here\u2019s how it works: Let\u2019s say you are 50 years old and earn $75,000. Assuming you contribute at least 3% to the Supplemental Retirement &amp; Savings Plan, you will receive a 10% contribution from the University for the first $72,500 you earn ($7,250). For the remaining $2,500 in earnings above $72,500, you will receive a 12% contribution ($300). In this example, your total contribution from BU would be $7,550.<\/p>\n<div class=\"retirement-table-wrap\">\n<table>\n<tbody>\n<tr>\n<td colspan=\"3\" class=\"rule-head-dg-hr-retirement\">\n<h5 class=\"table-head-hr-retirement\" style=\"text-align: center;\"><span style=\"color: #000000;\">The BU Retirement Savings Program At-a-Glance<\/span><\/h5>\n<\/td>\n<\/tr>\n<tr>\n<td>Employee contributions<\/td>\n<td colspan=\"2\">You are automatically enrolled roughly 30 days following your date of hire at a 3% contribution (you may lower percentage or opt out)<\/td>\n<\/tr>\n<tr>\n<td>BU contributions<\/td>\n<td colspan=\"2\">You are automatically enrolled in the core and matching contributions after 2 years of eligible service<\/td>\n<\/tr>\n<tr>\n<td>Integration level<\/td>\n<td colspan=\"2\">$72,500<\/td>\n<\/tr>\n<tr>\n<td>Required employee<br \/>\ncontribution to receive<br \/>\nUniversity core contribution<\/td>\n<td colspan=\"2\">None<\/td>\n<\/tr>\n<tr>\n<td rowspan=\"3\">University core contribution<\/td>\n<td>Less than age 45<\/td>\n<td>4% 1st $72,500 + 6% over $72,500<\/td>\n<\/tr>\n<tr>\n<td>Age 45-49<\/td>\n<td>6% 1st $72,500 + 8% over $72,500<\/td>\n<\/tr>\n<tr>\n<td>Age 50 and above<\/td>\n<td>7% 1st $72,500 + 9% over $72,500<\/td>\n<\/tr>\n<tr>\n<td rowspan=\"3\">Total University contribution<br \/>\nif employee contributes 3% and receives the 3% BU matching contribution<\/td>\n<td>Less than age 45<\/td>\n<td>7% 1st $72,500 + 9% over $72,500<\/td>\n<\/tr>\n<tr>\n<td>Age 45-49<\/td>\n<td>9% 1st $72,500 + 11% over $72,500<\/td>\n<\/tr>\n<tr>\n<td>Age 50 and above<\/td>\n<td>10% 1st $72,500 + 12% over $72,500<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The BU Retirement Savings Program: Understanding the Contributions \ufeff\ufeff\ufeff Regardless of your age, the time to think about retirement is now. With careful planning, you can help make your retirement years a more comfortable and secure time of life for you\u2014and your family. Your retirement benefits include a set of plans collectively called the BU [&hellip;]<\/p>\n","protected":false},"author":1379,"featured_media":0,"parent":262,"menu_order":3,"comment_status":"closed","ping_status":"closed","template":"","meta":[],"_links":{"self":[{"href":"https:\/\/www.bu.edu\/hr\/wp-json\/wp\/v2\/pages\/8646"}],"collection":[{"href":"https:\/\/www.bu.edu\/hr\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.bu.edu\/hr\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.bu.edu\/hr\/wp-json\/wp\/v2\/users\/1379"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bu.edu\/hr\/wp-json\/wp\/v2\/comments?post=8646"}],"version-history":[{"count":44,"href":"https:\/\/www.bu.edu\/hr\/wp-json\/wp\/v2\/pages\/8646\/revisions"}],"predecessor-version":[{"id":25048,"href":"https:\/\/www.bu.edu\/hr\/wp-json\/wp\/v2\/pages\/8646\/revisions\/25048"}],"up":[{"embeddable":true,"href":"https:\/\/www.bu.edu\/hr\/wp-json\/wp\/v2\/pages\/262"}],"wp:attachment":[{"href":"https:\/\/www.bu.edu\/hr\/wp-json\/wp\/v2\/media?parent=8646"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}