Eligibility and Vesting

Eligibility for Retirement Plans

The eligibility tables below indicate which retirement plans Penn faculty and staff may participate in.

M/B = Matching Plan and Basic Plan (1-year wait before Penn contributes, unless you are eligible for Prior Service Credit)

SRA = Supplemental Retirement Annuity Plan


Eligibility Tables

Retirement Plan Academic Eligibility


Vesting refers to your ownership of Penn’s contributions to your retirement plan account, which is determined by the length of time you have worked at Penn.


Original Hire DateVesting Schedule

Before January 1, 2010

Immediately 100% vested

On or after January 1, 2010

100% vested after three years, which is defined as:

  • monthly-paid employees

    must work 36 months

  • weekly-paid employees

    must work 1,000 hours per year for three years


Vesting is not prorated.  You are 0% vested until you reach the thresholds above, after which you are 100% vested.

Note that vesting applies to Penn’s contributions only.  It does not apply to contributions that you make from your pay.

Penn’s contributions start when you complete the one-year waiting period – or immediately if you receive Prior Service Credit; you just won’t be vested in those contributions for three years.

Former UPHS Employees

If you worked at a facility within the University of Pennsylvania Health System (UPHS), that time counts toward your vesting.  To report any UPHS time to the Benefits Office, please submit an Employment History Verification Form.

Contact Us

Retirement Call Center
(877) 736-6738