Plan Overview

The Defined Contribution Retirement Program (DCRP) provides eligible members with a tax-sheltered, defined contribution retirement benefit, along with life insurance and disability coverage.


An employee who is ineligible for PERS (Public Employee Retirement System) because the hours of work are fewer than those required for membership [or a Tier 3 PERS member whose annual salary falls below the minimum required for eligibility - $8,000 for 2013] is eligible for enrollment in the DCRP provided the annual salary is $5,000 or higher. Employees enrolled in PERS on or after July 1, 2007, who earn salary in excess of established “maximum compensation” limits; and

Employees otherwise eligible to enroll in PERS on or after November 2, 2008, who do not earn the minimum annual salary for PERS Membership Tier 3 enrollment [$8,000 in 2013, (subject to adjustment in future years) but who earn salary of at least $5,000 annually].

Employee Contribution

5.5% of salary made on a pretax basis.

Employer Contribution

3% of base salary.


Employer contributions are subject to a one-year delayed vesting.

Criteria for Immediate Vesting

At the time of initial employment participates in a program substantially similar to the retirement program.  A PERS member is immediately vested.

How to Enroll

Eligible PERS members are enrolled when an annual base salary is reported on the Enrollment Application that will exceed the maximum compensation; or when a PERS member's annual salary is increased to where it will exceed the maximum compensation and it is reported by the employer to the Division of Pensions and Benefits.  
If ineligible for PERS, the employer will enroll a DCRP eligible employee as of the starting date of employment.


Six months before retirement, a member should contact University Human Resources and Prudential Financial for information regarding DCRP benefits and options.