American University of Beirut
Source: https://www.aub.edu.lb/benefits/Pages/faculty_Retirement_Plans.aspx Parent: https://www.aub.edu.lb/benefits/Pages/Forms.aspx
Retirement Plans
Page Content
What are my retirement/indemnity options?
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Plan A: Retirement Program for U.S. Citizens and Green Card Holders
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Full-time academic personnel who are U.S. citizens or Green Card holders are eligible to enroll in this program. The employer's contribution makes up 10% of the basic salary, while the employee's contribution makes up 5% of the basic salary.
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Contributions are invested in international funds through Vanguard.
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Plan B: Retirement Program for Non-U.S. Citizens or Resident Alien Employees
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Full-time academic personnel who are not U.S. citizens or Green Card holders can enroll in this program. The employer's contribution makes up 12.5% of the basic salary, while the employee's contribution makes up 5% of the basic salary.
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Contributions are invested in international funds through UBP.
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Enrollment is optional. It is your responsibility to contact the Office of Benefits to join the retirement plans.
- Both plans allow academic personnel to withdraw funds under a "Hardship Distribution" option to meet specific financial obligations. For further details, check Plan A distribution and Plan B distribution documents.
What happens if I go on leave without pay?
All retirement contributions will cease during the period of your leave.
How do I get my retirement if I leave AUB?\
- Plan A: You have to initiate your “termination" process online with Vanguard.
- Plan B: You need to complete an administrative procedure to liquidate and cash out your retirement account. Please contact the Office of Benefits for additional details. \ \
More detailed information on Retirement Plans
Plan A: Retirement Program for U.S. Citizens and Green Card Holders****\ \
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About Plan A\
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Plan A Forms
- Beneficiary Form
- Rollover Form\
- Asset Transfer Form
- Distribution Request Form\
- Loan/Hardship Form
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Former Plan B Members now in Plan A
- Memorandum Account Earnings – December 2025
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FAQs
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Plan B: Retirement Program for Non-U.S. Citizens or Resident Alien Employees****\
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About Plan B\
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Plan B Forms
- Change Form
- Hardship Form
- Withdrawal Form
- Dominion Tax Compliance Form
- AUB Plan B Portfolio
- How to fill in Withdrawal Form and Required Documents
- Hardship Rules and Regulations
- FAQs\
- UBP Investment - Periodic Review