UCRETIREMENTSAVINGS BASIC EMPLOYER CONTRIBUTIONS UC OFFERS THE FOLLOWING RETIREMENT CONTRIBUTIONS IN LIEU OF CONTRIBUTING TO SOCIAL SECURITY. AS STATE OF OHIO PUBLIC EMPLOYEES, EMPLOYEES WILL NOT CONTRIBUTE TO SOCIAL SECURITY. APPLIES ONLY TO UC SALARY
OPTION 1: STRS: STATE TEACHERS RETIREMENT SYSTEM*
AVAILABLE TO FULL-TIME AND PART-TIMEEMPLOYEES VESTING SCHEDULE APPLIES UC CONTRIBUTION : • 9.53% - DEFINED CONTRIBUTION PLAN • 14% - DEFINED BENEFIT PLAN • 14% - COMBINED PLAN EMPLOYEE MANDATORY CONTRIBUTION -14% OPTION 2: ARP: ALTERNATIVE RETIREMENT PLAN* AVAILABLETO FULL-T IME (100% FTE)EMPLOYEES DEFINED CONTRIBUTION PLAN IMMEDIATE VESTING SCHEDULE UC CONTRIBUTES 9.53% OF EMPLOYEE'S ELIGIBLEPAY EMPLOYEE MANDATORY CONTRIBUTION -14%
PLAN INFORMATION
ARP PLAN ADMINISTRATORS
AXA VOYA
TIAA FIDELITY
*MUSTELECTUCRETIREMENTOPTION INFIRST 120DAYS. ELECTION IS IRREVOCABLE.
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