Equal Opportunity and Diversity
TEMPORARY REDUCTION IN UNIVERSITY CONTRIBUTIONS TO DEFINED
CONTRIBUTION RETIREMENT PLANS
Iowa State University
Amendment of Defined Contribution Retirement Plans
(TIAA-CREF and other 403(b) Retirement Plans)
Effective November 1, 2009 and ending on June 30, 2010, each Defined Contribution Retirement Plan of Iowa State University of Science and Technology shall be amended
Plan Contributions as a percentage of Compensation
|
Annual Salary |
By the |
By the |
|
1 thru 5 years of Service |
5 1/3% |
3 1/3% |
|
Above $4,800 |
8% |
5% |
|
Over 5 years of Service |
8% |
5% |
Remaining terms of the Plans shall remain in force and unchanged.
This change does not affect individuals participating in the Iowa Public Employers Retirement System (IPERS)
Additional information will be updated when available.