Defined Contribution Retirement Plan

These are important details regarding this plan.


You are eligible to participate immediately in this plan.


Contributions depend on Social Security Inclusion according to the following schedule:

MS - RI - Social Security Chart

Important note: Employees with at least 10 but fewer than 15 years of service as of June 30, 2012, will receive an additional 0.25% DC Employer Contribution above the stated amount. Employees with at least 15 but fewer than 20 years of service as of June 30, 2012, will receive an additional 0.50% DC Employer Contribution above the stated amount.


"Vesting" refers to an employee's right, usually earned over a specified period of time, to receive some retirement benefits regardless of whether or not they remain with the employer.

With respect to amounts attributable to your employer's contributions, you will be 100% vested after 3 years of contributing service, including service prior to July 1, 2012.


Your employer offers you a variety of investment choices from an array of asset classes. You can see a list of the investment choices under this plan on the Investment Choices page.


Expenses vary from investment to investment. To learn about expenses associated with an investment, see a list of the investment choices under this plan on the Investment Choices page, and read the Fact Sheet or the prospectus for that investment.


You have a variety of options1 when it’s time to take income from this plan:

  • Lifetime Retirement Income

    • One-life annuity — provides income for as long as you live.
    • Two-life annuity — provides lifetime income for you and an annuity partner (your spouse or someone else you name) for as long as either of you live.
    • One- or two-life annuity with guaranteed period — guarantees income for up to 20 years, as long as the period you choose does not exceed your life expectancy. It ensures that income continues to go to your beneficiaries for the remainder of the guaranteed period if you (one-life annuity) or both you and your annuity partner (two-life annuity) die before the end of that period.
  • Lump Sum

    You can withdraw all or part of your account in a single cash payment, depending on your plan rules and the terms of your contracts. 
  • Systematic Withdrawals

    If your plan allows, you can choose to receive regular income payments (minimum $100) on a semimonthly, monthly, quarterly, semiannual or annual basis. You can increase, decrease or suspend the payments at any time.

    • These withdrawals are not available from TIAA Traditional Account balances.
This plan is designed to provide you with income throughout your retirement. Leaving money in your account may allow the funds to grow on a tax-deferred basis.

This plan allows you to receive a cash withdrawal. This may be restricted by the terms of your TIAA-CREF contracts. Taxes and penalties may apply.


Because you make contributions with pretax dollars, federal income taxes are deferred until you begin taking withdrawals later on.

No taxes are due on contributions and earnings until the money is withdrawn, but because these plans are intended primarily for retirement, you can generally withdraw funds only after termination of employment (subject to plan rules). For additional information and guidance, contact your tax advisor.


The Rhode to Retirement Defined Contribution Retirement Program does not offer a loan feature.