Retirement Program Plan "B"

​​​​​​​for Non-U.S. Citizen or Resident Alien Employees of the American University of Beirut​

Amended and Restated
As Of October 1, 2009

Program Purpose​

The purpose of this Retirement Program is to encourage Employees (as defined in the Program) to make and continue careers with the American University of Beirut.  This Program is intended to provide retirement benefits solely for those non-U.S. citizen or resident alien Employees of the University who are not covered by or subject to any social security, labor law, end-of-service indemnity, death benefit, disability, retirement, termination or similar such program, maintained directly or indirectly by the Government of Lebanon.  If an Employee who is participating in this Program becomes covered, as of any date, under a social security, labor law, end-of-service indemnity, death benefit, disability, retirement, termination or similar such program, maintained directly or indirectly by the Government of Lebanon, such Employee's participation in this Program shall terminate as of the date such coverage commences, and in such event the University shall not be required to credit any further benefit under this Program to the Employee in respect of service with the University after such date, and the benefits otherwise payable under this Program reflecting amounts credited to an Employee's Memorandum Account shall be offset and/or reduced by the amounts to which the University is or may be obligated to pay or contribute under such social security, labor law, end-of-service indemnity, death benefit, disability, retirement, termination or other similar such program.  Effective October 1, 2009, the Program is hereby amended and restated, including certain provisions effective at later dates.​