Retirement Benefits
1.800 RETIREMENT BENEFITS
All regular employees who work a minimum of 1000 hours or more during a consecutive twelve (12) calendar month period commencing with the date of employment will be eligible for participation in the Guilford College retirement program after twelve (12) months of employment. The employee is required to participate in this plan.
Beginning with the 13th month of employment and continuing through month 48, the College contributes an amount equal to 6 percent of the individual's base salary to this fund; the individual contributes a mandatory 1 percent. Beginning with the 49th month of full-time employment, the College contributes 11 percent and the individual 1 percent.