Retirement Plan Changes
As announced on July 1, the University will gradually phase out the Retirement Supplemental Voluntary Program (RSVP) over the next four fiscal years (FY22-FY25). All options available under the current RSVP policy will remain in place during the phase-out.
For further clarification, please see the RSVP matrix, which explains the gradual phase-out of all RSVP options.
As a reminder, the University will incrementally increase its 403(b) employer retirement contribution match starting in January 2022 (up to 7.75%) and again in January 2023 (up to 8.5%).