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The College contributes 6% of each Participant's base earnings up to the breakpoint and 9% of base earnings above the breakpoint, regardless of whether the participant contributes to the plan. The breakpoint is $63$65,927 525 effective July 1, 20162017, and changes each July 1 based on the amount that College salaries increase.

Example 1: Bi-Weekly-Paid Participant with Base Earnings Not Exceeding Breakpoint. In July 20162017, the bi-weekly breakpoint is $2,458520.73 19 ($63$65,927 525 divided by 26) for participants who are paid bi-weekly.  A participant whose bi-weekly base earnings during July 2016 2017 are $2,458520.73 19 will receive College core contributions of 6% of $2,458520.7319, or $147$151.52 21 on a bi-weekly basis.

Example 2: Bi-Weekly-Paid Participant with Base Earnings Exceeding Breakpoint: A participant whose bi-weekly base earnings are more than $2,458520.73 19 during July 2016 2017 will receive College core contributions equal to 6% of the first $2,458520.73 19 of bi-weekly base earnings plus 9% of bi-weekly base earnings in excess of $2,458520.7319.  For example, a participant whose bi-weekly base earnings are $2,600 during July 20162017, will received core contributions of $160$158.23 39 on a bi-weekly basis (6% of $2,458520.73 19 + 9% of $141$79.2781). 

Optional Participant Matched Contributions and Matching College Contributions

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