Retirement Savings Plans. Unit members may make voluntary personal contributions on a tax-deferred basis into a 403(B) on an after-tax basis into a Xxxx 403 (B) retirement savings plans available through the University in accordance with IRS regulations and on the terms and conditions set forth by the accounts selected by the faculty member pursuant to the applicable UVM plan documents. More detailed information may be obtained from the UVM Human Resource Services Office or its website. Periods of service as a part-time unit member will not count towards the waiting periods for University contributions for unit members who transfer to a University position eligible for Group A, B, C or D benefits. Further, a UVM retirement savings account established by a unit member with personal contributions will not qualify as a vested account for purposes of waiving the waiting period. A Faculty member may access funds from personal contributions subject to applicable law.
Appears in 6 contracts
Samples: Agreement, Agreement, Ua Tentative Agreement
