MB
MIT Basic Retirement Plan
Pension fund · Founded 1926 · Cambridge, United States
MIT offers a basic retirement plan that provides monthly income for life upon retirement
Who MIT Basic Retirement Plan is.
Where the institution came from, whose capital it manages, and how that capital is allocated — from Dealroom's LP research.
Historical Background
- The MIT Basic Retirement Plan is a defined-benefit pension plan for eligible employees of the Massachusetts Institute of Technology.
- The plan's structure and provisions have evolved over time, with significant changes implemented for employees hired on or after July 2, 2012.
Source of Capital
- The plan is fully funded by the Massachusetts Institute of Technology.
- As a defined-benefit plan, it provides a monthly lifetime income to retirees based on salary and years of service, with the university bearing the investment risk.
Major Events
- In 1998, the retirement age for the Basic Plan was reduced to 62.
- A significant restructuring occurred in 2012, creating different plan provisions for employees hired on or after July 2 of that year.
The funds MIT Basic Retirement Plan backs.
MIT Basic Retirement Plan is a limited partner in 66 funds. 30 of them place in the Power Law Investor Ranking, and the best-ranked are shown here.
How MIT Basic Retirement Plan’s fund book is spread.
The 66 funds MIT Basic Retirement Plan backs, by where the manager is headquartered and how many funds that manager has raised.
Where those managers are based
By fund headquarters.
- North America 5482%
- Rest of world 812%
- Europe 46%
United States 54 · China 3 · India 3 · United Kingdom 3
How established those managers are
Managers grouped by how many funds they have raised. 14 emerging (three funds or fewer), 32 established — across the 46 of 66 with a fund history on record.
Other LPs.
Other pension funds in the Power Law LP ranking, closest to MIT Basic Retirement Plan by combined power-law score — North America first, then the nearest worldwide.