Retirement planning is important for all MIT employees at all stages of their lives and their careers — not just for those nearing retirement. MIT offers a variety of programs to assist you with your savings and retirement goals. Learn more: http://hrweb.mit.edu/benefits/retirement.
About Our Data
Employer VerifiedUpdated Jan 30, 2026343 employees reported this benefit
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Benefits reviews
11-20 of 27 Reviews
5.0
Jan 12, 2023
Anonymous Program Manager
Current
Cambridge, Massachusetts
Pension plan after one year of employment
5.0
Sep 19, 2022
Anonymous employee
Current
Offers a 5% pension plan, fully funded by MIT (no employee contributions required).
5.0
Aug 11, 2022
Anonymous employee
Current
Great retirement 401k through Fidelity
1.0
Mar 24, 2022
Anonymous employee
Current
Cambridge, Massachusetts
No retirement plan or allowed contributions for graduate students who work extremely long hours, do not get adequate vacation time, and are completely subject to the whims and wants of their supervisors
5.0
Aug 17, 2020
Anonymous Administrative Assistant
Former
Cambridge, Massachusetts
They offer a 401k and a pension, which is an excellent draw. Also ,the MyLife program offers retirement planning, which is wonderful.
5.0
Jun 4, 2019
Anonymous employee
Current
Cambridge, Massachusetts
401k, plus a pension which vests after three years
1.0
Mar 28, 2019
Anonymous Postdoctoral Associate
Former
Cambridge, Massachusetts
They don't provide retirement benefit for temporary employee.
5.0
Mar 12, 2019
Anonymous employee
Former
Cambridge, Massachusetts
Yes, there is a retirement plan for full-time positions. I think this is mostly for tenured faculty although it may depend on the position.
3.0
Dec 25, 2017
Anonymous Contractor
Former
Cambridge, Massachusetts
N/A. Didn't have this for contractor role.
5.0
Sep 19, 2017
Anonymous employee
Current
Cambridge, Massachusetts
5% pension plan that you are fully vested in after 2 years