Common Contracts
1 similar Employee Contribution Agreement contracts
EMPLOYEE CONTRIBUTION TO ASU RETIREMENT PLANEmployee Contribution Agreement • May 24th, 2012
Effective with salaries paid on or after , which date is subsequent to the execution of this Agreement, the Employee’s salary will be reduced by the rate indicated below. At the same time, Arkansas State University will contribute 10% of the salary to the Employee’s retirement annuity, allocated to TIAA-CREF on the same basis as previously designated by the Employee under the retirement plan, it being understood that said reduction applies only to the basic monthly salary, including summer salaries and excluding the pay that might be earned through the performance of additional services.
