International Retirement Plans
The American-Based AUC Custodial Retirement Plan (Vanguard)
This is one of the new substitutes to the single TIAA-CREF plan (January 2006) which originally served all administrators, managers (and faculty) regardless of citizenship.
Participation is limited to administrators, managers, faculty & staff who are U.S. citizens and U.S. resident aliens/Green Card holders or those employed in the New York Office. The new plan is administered by Vanguard in the United States.”
The AUC Offshore Retirement Investment Plan (Fidelity)
This is the second substitute to the old TIAA-CREF plan, and is administered by the Fidelity International Offices in the United Kingdom.
The plan is open to administrators/managers (and faculty) who are non-U.S. citizens, whether third-country nationals or Egyptians. U.S. citizens/residents are not eligible to participate.
The AUC Retirement Savings Plan in US Dollars (AAIB)
This is the third substitute to the old TIAA-CREF plan and is an alternative to the AUC Offshore Retirement Investment Plan.
This plan is open to administrators/managers (and faculty) who are non-U.S. citizens, whether third-country nationals or Egyptians. U.S. citizens/residents are not eligible to participate.
The plan is administered by the Arab African International Bank in Egypt and is based upon certificates of deposit in U.S. dollars. As with the AUC Offshore Retirement Investment Plan.
Under all plans, participation is not automatic; an enrollment form should be filled out by the employee. The University contributes 9 percent and the employee contributes 6 percent of 120 percent of gross salary on a monthly basis.