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Human Resources > Benefits > Retirement > Contributions

Contributions

Plan A - Full Time Faculty
Employee University Matching Contribution Total
5.0% 10.0% 15.0%
Plan B - Staff and Part-Time Faculty
Age Employee University Matching Contribution Total
During 1 Year Eligibility Waiting Period Supplemental or Voluntary None Employee Only
Non participants, participants and new employees * 1% 2% 3%
24 - 39 2.0% 4.0% 6.0%
40 - 49 3.5% 7.0% 10.5%
50 and above 5.0% 10.0% 15.0%
* NOTE: This option is an alternative contribution option and is not in addition to 2%, 3.5% or 5%. Non participants may choose to contibute a higher percentage based on their age and job classification. The maximum earnings for basic contributions for 2008 is $230,000 an increase from $225,000 for 2007.