If you have 15 or fewer years of vested service credit when you leave MIT, you will have the option of taking your benefit as a single lump sum. Enrollment is automatic, and you do not contribute. MIT pays the full cost of the Pension Plan.
See Your Pension Information at PensionConnect
Help With PensionConnect
Current employees may access PensionConnect using Touchstone. Former employees and retirees who have an existing PensionConnect account may access it here. If you are a new user or you need assistance accessing your pension account, please contact the MIT Pension Service Center at 855-464-8736.
Date of Hire
The details of your Pension Plan, including eligibility and distribution options, depends on your date of hire.
- Plan details for employees hired prior to July 2, 2012
- Plan details for employees hired on or after July 2, 2012
Information on Deemed Retirement for Required Minimum Distribution (RMD)
If you have reached RMD age* and worked part-time earning less than $10,000 in a calendar year, you will be deemed retired as of January 1 of the following calendar year for plan distribution purpose. As a result, you will be required to begin the RMD process under the applicable retirement plans (e.g., the 401(k), 457(b), and Pension Plans).
* RMD age is age 73 if you were born on or after January 1, 1951, age 72 if you were born after June 30, 1949 and before January 1, 1951, or age 70 ½ if you were born before July 1, 1949 for retirement plans. Note: if you were born after December 31, 1959, your RMD age is age 75 for the 457(b) plan only; it remains age 73 for the 401(k) and Pension Plans.
