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.
Appears in 3 contracts
Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, Agreement
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.
Appears in 2 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 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.
Appears in 1 contract
Samples: Collective Bargaining Agreement