Eligible employees hired after May 31, 2006 will begin participation in this plan on the Plan Entry Date following the completion of one year of service at the institution.*

* Exceptions:

• A president, vice president, associate vice president, dean, associate dean, assistant dean, full-time faculty employee, executive director, director or registrar who was enrolled in a previous employer's retirement plan may participate in this plan immediately.


• The university will contribute to the plan on these employees' behalf at the rate of 10% of base gross salary.


• A president, vice president, associate vice president, dean, associate dean, assistant dean, full-time faculty employee, executive director, director or registrar who was not enrolled in a previous employer's retirement plan may participate in this plan immediately.


• During the first year of service at the institution, the university will contribute to the plan on these employees' behalf at the rate of 5% of base gross salary.


• Upon completion of one year of service, the university will contribute to the plan at the rate of 10% of base gross salary.

All other eligible employees will begin participation in the plan after one year of service at the institution:

• Upon completion of one year of service at the institution, the staff member will begin participation in the plan at a contribution rate of 5% of base gross salary.


• Upon completion of two years of service, the staff member will begin participation in the plan at a contribution rate of 10% of base gross salary.