SBRP (TIAA) | sbrp
SBRPPlanOverviewTheStateBoardRetirementPlan(SBRP)isatax-deferreddefinedcontributionplanthathelpsyousaveforretirement. EligibleemployeescanstartparticipatingintheSBRPontheirfirstdayofemploymentinaneligibleposition.ColumbiaBasinCollege(CBC)provides100%matchingfundstoyourcontributions.Boththeemployerandemployeecontributionsareimmediatelyvested,andtheplanis100%portableifyouleaveCBC.FortheSBRPplan,vestedmeansyouareeligibletoreceiveallcontributionsandaccumulationsifyouterminateemploymentfromallpla...
SBRP Plan Overview
The State Board Retirement Plan (SBRP) is a tax-deferred defined contribution plan that helps you save for retirement. Eligible employees can start participating in the SBRP on their first day of employment in an eligible position. Columbia Basin College (CBC) provides 100% matching funds to your contributions. Both the employer and employee contributions are immediately vested, and the plan is 100% portable if you leave CBC. For the SBRP plan, vested means you are eligible to receive all contributions and accumulations if you terminate employment from all plan employers. SBRP operates under IRC 401(a), a federal tax law and the Washington State Board for Community and Technical Colleges.
Employee and Employer Contributions
The amount contributed to the SBRP is determined by your age.
Under 35 5% 5% 10% 35-49 7.5% 7.5%...