Common use of Retirement Plan (403 (b)) Clause in Contracts

Retirement Plan (403 (b)). a. Faculty Hired before June 1, 2012 An eligible faculty member may choose to make employee plan contributions, on a tax-deferred basis, into one of three retirements plans: TIAA-CREF, Fidelity Investment or MetLife Resource. A faculty member is eligible for University plan contributions after completion, at the University or any other accredited college or university, of one (1) year of full-time service and attainment of age twenty-six (26). Upon eligibility for such contributions, if a faculty member contributes a minimum of five percent (5%) of contract salary to the Plan, the University will contribute an amount equal to ten percent (10%) of the faculty member’s contract salary. The Plan is more fully described in a Summary Plan Description and in the Plan documents.

Retirement Plan (403 (b)). a. Faculty Hired before June 1, 2012 An eligible faculty member may choose to make employee plan contributions, on a tax-tax- deferred basis, into one of three retirements plans: TIAA-CREF, Fidelity Investment or MetLife Resource. A faculty member is eligible for University plan contributions after completion, at the University or any other accredited college or university, of one (1) year of full-time service and attainment of age twenty-six (26). Upon eligibility for such contributions, if a faculty member contributes a minimum of five percent (5%) of contract salary to the Plan, the University will contribute an amount equal to ten percent (10%) of the faculty member’s 's contract salary. The Plan is more fully described in a Summary Plan Description and in the Plan documents.

Retirement Plan (403 (b)). a. Faculty Hired before June 1, 2012 An eligible faculty member may choose to make employee plan contributions, on a tax-deferred basis, into one of three two retirements plans: TIAA-CREF, CREF or Fidelity Investment or MetLife ResourceInvestment. A faculty member is eligible for University plan contributions after completion, at the University or any other accredited college or university, of one (1) year of full-time service and attainment of age twenty-six (26). Upon eligibility for such contributions, if a faculty member contributes a minimum of five percent (5%) of contract salary to the Plan, the University will contribute an amount equal to ten percent (10%) of the faculty member’s contract salary. The Plan is more fully described in a Summary Plan Description and in the Plan documents.