After your first paycheck, start planning for your future by enrolling in Stanford's Contributory Retirement Plan.
After receiving your first paycheck, you can enroll in the Tax-Deferred Account (TDA) of the SCRP and start making contributions from your paycheck.
After one year of service, you become eligible to receive Stanford contributions to the Contributory Retirement Account (CRA) of the SCRP. Stanford will automatically enroll you in CRA, at a contribution rate of 4% of your pay, on the first of the month after your anniversary date. When you are enrolled in CRA and contribute at least 4% of your pay, Stanford adds a 5% Matching Contribution. If you wish to change your 4% contribution, you must contact Fidelity Investments at (888) 793-8733 or visit netbenefits.com.
Regardless of which account you contribute to, you are always fully vested in the contributions you make and those you receive from Stanford.