LP profile · Pension fund
MIT Basic Retirement Plan
MIT Basic Retirement Plan is a pension fund headquartered in United States (North America). Ranked #23 in the 2026 Dealroom Power Law LP Ranking by realised power-law score across its venture commitments.
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.
Allocation Strategy
- No information available.