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: OPERS: OHIO PUBLIC EMPLOYEE RETIREMENT SYSTEM*
AVAILABLE TO FULL-TIME AND PART-TIME EMPLOYEES VESTING SCHEDULE APPLIES UC CONTRIBUTION: • 11.5% - DEFINED CONTRIBUTION PLAN • 14% - DEFINED BENEFIT PLAN • 12% - COMBINED PLAN EMPLOYEE MANDATORY CONTRIBUTION – 10% OPTION 2: ARP: ALTERNATIVE RETIREMENT PLAN* AVAILABLE TO FULL-TIME (100% FTE) EMPLOYEES DEFINED CONTRIBUTION PLAN IMMEDIATE VESTING SCHEDULE UC CONTRIBUTES 11.56 %OF EMPL OYEE'S ELIGIBLE PAY EMPLOYEE MANDATORY CONTRIBUTION -1 0 %
PLAN INFORMATION
□ TIAA □ VOYA
□ AXA
ARP PLAN ADMINISTRATORS
□ FIDELITY
*MUST ELECT UCRETIREMENTOPTION INFIRST 120 DAYS. ELECTION IS IRREVOCABLE.
NEXTSTEPS: COMPLETETHEUCRETIREMENTPLANELECTIONFORM
Retirement 2
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