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Mandatory Participation

• You are at least age 30
• Employed in a regular budgeted position
• Completed two years of service
• Employment status equal to 0.5 full-time equivalency (FTE) or greater

Voluntary Participation

• You are at ages 26-29
• Employed in a regular budgeted position
• Completed two years of service
• Employment status equal to 0.5 full-time equivalency (FTE) or greater

Certain positions may be excluded. Employees declining voluntary participation when initially offered may not participate until the mandatory participation requirements are satisfied. Employees who satisfy the eligibility requirements for participation except for the two-year service provision may enroll if they can prove qualifying service with a prior employer whose primary purpose or activity provided a formalized program of education.

Tier 1

• Your contribution: 3.5%
• University contribution: 6.5%
• Total contribution: 10.0%

Tier 2

• Your contribution: 5.5%
• University contribution: 8.0%
• Total contribution: 13.5%

Note: All new retirement-eligible employees are automatically enrolled in Tier 1. If you are currently in Tier 1 and would like to move to Tier 2, you can change your 401(a) contribution amount one time a year.

Mandatory Participation

• Participation is effective either February 1 or September 1 coincident with or following satisfaction of the eligibility requirements.

Voluntary Participation

• Participation is effective either February 1 or September 1 coincident with or following satisfaction of the eligibility requirements.
• Participation for employees who decline voluntary participation is either February 1 or September 1 coincident with or following satisfaction of the mandatory participation eligibility requirements.

You may allocate Basic Retirement Plan contributions among or between TIAA and Fidelity Investments in any whole-number percentage, including full allocation to any option. Once participation begins, allocation changes of future premiums may be made at any time by contacting the respective investment company.