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Note the specific requirements related to length and percent effort of the appointment.
Mit benefits office. For enrollment certification purposes three mit units equal one va credit i e. If your dependent becomes ineligible for mit coverage and will be without coverage notify mit benefits in writing within 60 days to continue coverage under the consolidated omnibus budget reconciliation act cobra. 48 mit units 16 va credits.
Under the mit pension plan also known as a basic retirement plan mit provides a basic retirement benefit that will be paid to you upon your retirement as a monthly income for the rest of your life. Get in touch with mit benefits at benefits mit edu 617 253 6151 or see contact options for our health plans retirement plans and more. Mit benefits office use this form for address changes.
Fidelity 401 k plan. If you have 15 or fewer years of vested service credit when you leave mit you will have the option of taking your benefit as a single lump sum. Units are not rounded up so if you are registered for 50 mit units your va credit hours will be 16 6 va credits.
Open enrollment coming soon mit benefits 2021 open enrollment will begin on october 19 2020 and end on october 30 2020. They are eligible for all mit employee benefits as described by mit s benefits office. Your mit pension benefits are designed to help you build future financial security for your retirement years complementing benefits from mit s 401 k plan retiree medical plan and social security.
Generally mit s health dental and vision plans cover your dependents through the end of the month in which they turn age 26. Postdoctoral associates are paid by mit and are considered employees of the institute. As an mit employee.
What benefits does a postdoctoral associate receive. Contact mit benefits by phone email or in person or see the additional contact options below. As an employee of mit lincoln laboratory you are part of the massachusetts institute of technology family and earn the perks programs and benefits available to mit.
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