As of January 1, 2011, WHOI's Retirement Plan will be delivered through a tax-deferred defined contribution retirement savings plan. The Defined Contribution Retirement Plan is a 403(b) plan which allows for employees to contribute a portion of their earnings each pay period on a pre-tax basis into the investment fund(s) of their choice.
As of January 1, 2010, the Defined Benefit Plan is closed to new participants. As of January 1, 2011, the Defined Benefit Plan will be placed under a soft-freeze for current participants, with all retirement benefits being earned under the new Defined Contribution Retirement Plan.
A description of benefits and resources for WHOI Retirees.