Master Retirement Plan

The Master Retirement Plan is a defined benefit (pension) plan offered by DMBA and funded entirely by BYU-Idaho. It is designed to be used as part of your retirement income, being combined with other sources such as Social Security and any personal savings.

Vestment

Contributions to the RPP begin immediately with employment. All funds in the account belong to the employee as soon as the contributions are made.

Contributions

The Retirement Plus Plan is an employer-only contribution plan through which BYU-Idaho contributes a percentage of your eligible annual compensation into the account. Right now, BYU-Idaho contributes a 3.5% equivalent of your compensation into the account each paycheck.

Preset Mixes: You can choose how your Retirement Plus Plan account balance is invested by choosing one of the five preset mixes offered by DMBA:

  • Stock Only: 12+ years
  • Long-term: 12+ years
  • Intermediate-term: 5 to 11 years
  • Short-term: 0 to 4 years
  • Current Income: 0 to 15 years