Common use of Contributory Defined Contribution Retirement Plan Clause in Contracts

Contributory Defined Contribution Retirement Plan. a. All eligible full-time and part-time employees will have the opportunity to participate in the Temple University Health System Defined Contribution Retirement Plan. Participation in this voluntary plan requires employees to contribute 4.5% of base wages. Temple will match the employee’s four and one-half percent (4.5%) contribution, in accordance with the following: Years of Participation in Plan Beginning on or after January 1, 2007 TUHS Contribution Less than 3 4.5% At least 3 but less than 5 5.0% At least 5 but less than 7 6.5% 7 or more 8.5%

Contributory Defined Contribution Retirement Plan. a. All eligible full-time and part-time employees will have the opportunity to participate in the Temple University Health System Defined Contribution Retirement Plan. Participation in this voluntary plan requires employees to contribute 4.5% of base wages. Temple will match the employee’s four and one-half percent (4.5%) contribution, in accordance with the following: Years of Participation in Plan Beginning beginning on or after January 1, 2007 TUHS Contribution Less than 3 4.5% At least 3 but less than 5 5.0% At least 5 but less than 7 6.5% 7 or more 8.5%