has a defined contribution plan known as a 401(a) plan with TIAA-CREF.
As a participant you will have an individual
account opened and the university will remit 10% of eligible salary up to the
Social Security wage base and then 12% thereafter. You then choose how you would like these
contributions invested. The plan requires a 3-year cliff vesting; however, vesting will be immediate if you have been previously vested with a retirement plan provided by a non-profit organization or other institution of higher education and can provide proof of that status.
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