The Williams College Retirement Income Plan (the “Plan”) is a “defined contribution” retirement plan. A percentage of the participant’s salary (the defined contribution) is put in an account designated for retirement income purposes. These contributions earn investment returns (see “Investment Options”). The total amount of accumulated contributions and earnings during the course of the participant’s career largely determines the size of the participant’s pension income. This summary is effective beginning May 1, 2020 for participants employed on or after that date. All other participants should consult prior versions of this document.
The Benefits: Retirement pages constitute the Retirement Income Plan Summary Plan Description 2020.