BASIC EMPLOYERCONTRIBUTIONS UC OFFERS THE FOLLOWING RETRI EMENT CONTRBIUTIONS IN LIEU OF CONTRBIUTING TO SOCIAL SECURITY. ASSTATE OF OHIO PUBLIC EMPLOYEES, EMPLOYEES WILL NOT CONTRIBUTE TO SOCIAL SECURITY. UCRETIREMENT SAVINGS
OPTION 1: STRS: STATE TEACHERS RETIREMENT SYSTEM*
□ AVAILABLE TO FULL-TIME ADNPART-TIME EMPLOYEES □ VESTING SCHEDULE APPLIES □ UC CONTRIBUTION: □ 9.53% - DEFINED CONTRIBUTION PLAN □ 14% - DEFINED BENEFIT PLAN □ 14% - COMBINED PLAN □ EMPLOYEE MANDATORYCONTRIBUTION – 14% OPTION 2: ARP: ALTERNATIVE RETIREMENT PLAN* □ AVAILABLETO FULL-TIME (100% FTE) EMPLOYEES □ DEFINEDCONTRIBUTION PLAN □ IMMEDIATE VESTIGNSCHEDULE □ UC CONTRIBUTES 9.53% OF EMPLOYEE’S ELIGIBLE PAY □ EMPLOYEE MANDATORYCONTRIBUTION – 14%
PLAN INFORMATOIN
ARP PLAN ADMNI ISTRATORS
□ AXA □ FIDELITY
TIAA VOYA
*MUST ELECT UC RETIREMENT OPTION IN FIRST 120 DAYS. ELECTION IS IRREVOCABLE.
NEXT STEPS: COMPLETE THE UC RETIREMENT PLAN ELECTION FORM (NEXT STEP S TAB)
Retirement 2
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