Pension and Savings Plan

Pension Plan

KAUST contributes a fixed percentage of monthly base pay into an account that provides a lump-sum pension benefit at retirement. (Percentages are shown in the table below.)

The vesting period is three years. The vested balance is fully portable upon retirement or separation from the University.

Any severance will offset the balance.

Savings Plan

KAUST matches employee contributions in a retirement account established with a third-party financial institution.

The University matches contributions dollar-for-dollar, up to a maximum of 10 percent of the employee's monthly base pay.

This account is fully vested from the first day and is fully portable upon retirement or separation.