~Dual Comp Staff Provider Onboarding Binder 06.26.20

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

APPLIES ONLY TO UCSALARY

OPTION 1: OPERS: OHIO PUBLIC EMPLOYEE RETIREMENT SYSTEM*

□ AVAILABLE TO FULL-TIME DANPART-TIME EMPLOYEES □ VESTING SCHEDULE APPLIES □ UC CONTRIBUTION: □ 11.5% - DEFINED CONTRIBUTION PLAN □ 14% - DEFINED BENEFIT PLAN □ 12% - COMBINED PLAN □ EMPLOYEE MANDATORY CONTRIBUTION – 10%

PLAN INFORMATOIN

OPTION 2: ARP: ALTERNATIVE RETIREMENT PLAN*

□ AVAILABLE TO FULL-TIME (100% FTE) EMPLOYEES □ DEFINED CONTRIBUTION PLAN □ IMMEDIATE VESTIGNSCHEDULE □ UC CONTRIBUTES 11.56% OF EMPLOYEE’S ELIGIBLE PAY □ EMPLOYEE MANDATORY CONTRIBUTION – 10%

ARP PLAN ADMNI ISTRATORS

TIAA VOYA

□ AXA □ FIDELITY

*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)

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