Georgetown University Retirement Plan (GURP)
Important Updates for GURP Participants
February 14, 2024: Personalized Election Kits have been mailed to GURP participants (whether currently employed by Georgetown University or not) who have a vested benefit in the Plan will have the opportunity to elect payment of their Plan pension benefit; either as a lump sum payment or monthly annuity to be paid or commence in May 2024. If you wish to receive benefits beginning in May 2024, you will need to make an election by April 1, 2024.
Georgetown University Retirement Plan Transition Service Center
If you have questions, call the Georgetown University Retirement Plan Transition Service Center at 1-866-778-4822. Representatives are available through May 21, 2024, between 9:00 a.m. and 6:00 p.m. Eastern Time Monday through Friday, excluding holidays.
Transition and Distribution Options Information Sessions Recording and Slides
Vivek Kumar and our partners at Willis Towers Watson led a series of 6 information sessions to help GURP participants understand and complete distribution packet ahead of the April 1st deadline. These sessions are now over, but you can access the slides and an on-demand recording below.
View the slides | Watch a pre-recorded session
Learn more on the GURP Transition webpage.
View GURP Cash Balances in GMS
Did you know that current staff employees who are GURP participants can view their cash balance account at any time? You can now view your account balance as of 12/31/2022 in GMS. Go to your GMS home page and click on the GURP icon.
Plan Participation
This plan is closed to new participants. As of January 1, 2020, all remaining active GURP participants were transferred to the Defined Contribution Retirement Plan. All participants, including those who transferred or terminated employment prior to January 1, 2020, maintain their GURP balance as of time of the transfer or termination and continue to earn annual interest credits on that balance.
Prior to 2008, staff employees became participants in the Plan on the January 1st of the year in which they complete 12 months of service during which they worked 750 hours and attained at least age 21. Enrollment in the Plan was automatic.
Participants received their first employer contributions as of the December 31st following their date of participation. For example, if an employee was hired full-time into a benefits-eligible position in April of 2002, she became a participant in the plan as of January 1, 2003. She received her first employer contribution as of December 31, 2003 (the last day of the plan year).