| 403(b) |
First day of employment. |
In calendar year 2009, employees can defer up to $16,500. Individuals who are over 50 can contribute an additional $5,500. |
N/A |
| 401(a) |
First day of the month on or after completion of one year of service. |
N/A |
All eligible employees receive a 2 percent Universal contribution. The University may also match up to an additional 6 percent to the 401(a) plan based on an employee’s contribution to the 403(b) plan. The University’s match is optional and/or may be in any increment up to 6 percent. For calendar year 2009, the University will match at 50-cents on the dollar, which will equal a discretionary match up to 3 percent. |
