Retirement Programs
Thinking about retiring?
Our checklist can help. If you're already retired, learn about our retiree health plans and other programs.
MIT Pension Plan
Learn about the Pension Plan (also known as a Basic Retirement Plan)
MIT Supplemental 401(k) Plan
Learn about the MIT Supplemental 401(k) Plan.
MIT 457(b) Deferred Compensation Plan
Learn about the MIT 457(b) Deferred Compensation Plan.
More Information
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.
Post-tenure faculty
Learn more on the Faculty Concierge website (Touchstone required; access available to MIT faculty and certain administrators).
Check Your Beneficiaries
MIT Pension Plan
Not sure who you designated as your beneficiary for the MIT Pension Plan? Visit PensionConnect and click the link under "Did You Know?" Current employees may access PensionConnect using Touchstone. Former employees and retirees may access an existing PensionConnect account. 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.
MIT Supplemental 401(k) Plan
Not sure who you designated as your beneficiary for the 401(k) Plan? Contact Fidelity Investments at 877-MIT-SAVE (877-648-7283).
Designate your beneficiary online through Fidelity NetBenefits.
Need Help or Have Questions?
Contact MIT Benefits or see our additional contact options below.
| Vendor | Phone | Website |
|---|---|---|
| Fidelity – 401(k) Plan | 1-877-MIT-SAVE or 1-877-648-7283 |
NetBenefits |
| MIT Pension Service Center | 1-855-4MITPEN or 1-855-464-8736 |