Retirement Annuity PLAN (YURAP) - Increase in Bend Point
With the beginning of the new fiscal year on July 1st, there will be changes to the Yale University Retirement Annuity Plan (YURAP). All faculty and staff enrolled in the plan will begin contributions at the 2.5% rate. When an employee's accumulated fiscal year salary reaches the plan bend point, the contribution rate will automatically increase to 5%. The new salary plan bend point for fiscal year 2006-2007 is $52,150.