BASE RETIREMENT SAVINGS 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.
OPTION 1: STRS: STATE TEACHERS RETIREMENT SYSTEM AVAILABLE TO FULL-TIME AND PART-TIME EMPLOYEES 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 AVAILABLE TO FULL-TIME (100% FTE) EMPLOYEES DEFINED CONTRIBUTION PLAN IMMEDIATE VESTING UC CONTRIBUTES 9.53% OF EMPLOYEE’S ELIGIBLE PAY EMPLOYEE MANDATORY CONTRIBUTION – 14%
PLAN INFORMATION
ARP AXA VOYA
STATE SYSTEM STRS OPERS
PLAN ADMINISTRATORS
FIDELITY TIAA
PLAN ELECTIONS ARE MADE BY SUBMITTING THE UC RETIREMENT PLAN ELECTION FORM VIA EMAIL TO benefits@uc.edu IF NO ELECTION IS MADE WITHIN 120 DAYS OF THE START OF EMPLOYMENT, EMPLOYEES WILL BE ENROLLED STATE SYSTEM (OPERS) IF THE ARP IS ELECTED, VENDOR AND INVESTMENT CHOICES ARE MADE VIA THE UC NETBENEFITS PLATFORM www.netbenefits.com/universityofcincinnati o ACCESS TO THE ARP ACCOUNT IN NETBENEFITS IS AVAILABLE AFTER UC BENEFITS RECEIVES THE UC RETIREMENT PLAN ELECTION FORM AND SENDS A CONFIRMATION EMAIL TO THE EMPLOYEE
NEXT STEPS
Made with FlippingBook Online newsletter maker