| Overall Rating | Reporter - expired |
|---|---|
| Overall Score | |
| Liaison | Elizabeth Drake |
| Submission Date | April 14, 2011 |
| Executive Letter | Download |
Swarthmore College
Tier2-3: Socially Responsible Retirement Plan
| Status | Score | Responsible Party |
|---|---|---|
|
Reporter |
E. Carr
Everbach Professor of Engineering Engineering |
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indicates that no data was submitted for this field
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Does the institution offer a socially responsible investment option for retirement plans?:
Yes
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A brief description of the socially responsible investment option for retirement plans:
All benefit eligible faculty and staff participate in Swarthmore College's Retirement Plan after completing one year of employment.
Participation in the Swarthmore plan is mandatory, and contributions to the plan continue as long as the employee is actively employed by the College. Contributions to this basic portion of the Retirement Plan are calculated according to the following schedule:
College Contribution Employee Contribution
First $20,000 of salary 10% 0%
Salary in excess of $20,000 10% 5.5%
The College offers a wide range of socially responsible investment options through:
* TIAA/CREF
* The Vanguard Group
* The Calvert Group
Employees are 100% vested in their accounts on the date participation begins.
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The website URL where information about the program, policy, or practice is available:
Data source(s) and notes about the submission:
Each of the three funds has a socially responsible investment option:
Calvert Social Index Actions
Vanguard Socially Responsible Fund
TIAA/CREF Social Choice Fund
Employees make determinations of how retirement premiums are allocated to each fund and within each fund's structure.
The information presented here is self-reported. While AASHE staff review portions of all STARS reports and institutions are welcome to seek additional forms of review, the data in STARS reports are not verified by AASHE. If you believe any of this information is erroneous or inconsistent with credit criteria, please review the process for inquiring about the information reported by an institution or simply email your inquiry to stars@aashe.org.