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Classified Employee Handbook

Retirement Program

All UALR employees on one-half time (50%) or greater appointment are eligible to participate in the University’s retirement program. You have 31 days from your date of hire to choose one of the available retirement plans. If you do not make a choice within that time period, you will be automatically enrolled in the TIAA/CREF program on a non-contributory basis. The plans are described below:

I.                   Teachers Insurance and Annuity Association and College Retirement Equities Fund (TIAA/CREF) – Under this plan, you may choose to contribute a part of your salary.

A.    Non-Contributory

If you choose not to contribute, UALR contributes an amount equal to 5% of your base salary.

B.     Contributory

If you choose to contribute in excess of 5% of your salary, UALR will match your contribution up to 10%. Your contribution may be made on a “salary reduction” (before tax) or “salary deduction” (after tax) basis.

II.                Fidelity Investments – Under this plan, you may choose to contribute a part of your salary.

A.    Non-contributory

If you choose not to contribute, UALR contributes an amount equal to 5% of your base salary.

B.     Contributory

If you choose to contribute in excess of 5% of your salary, UALR will match your contribution up to 10%. Your contribution may be made on a “salary reduction” (before tax) or “salary deduction” (after tax) basis.

III.             Arkansas Public Employees Retirement System (PERS)

 This system is automatically non-contributory unless you were enrolled on a contributory basis with some other state agency/institution before coming to work at UALR. UALR contributes an amount equal to 10% of your base salary whether you are enrolled on a contributory or a non-contributory basis.

IV.             Arkansas Teacher’s Retirement System (ATRS)

 Employees transferring to UALR from an agency where they were enrolled in ATRS may continue in the contributory or non-contributory option. This option only applies to employees transferring to UALR who are enrolled in ATRS. Employees who elect this option must continue to participate in the same ATR (contributory or non-contributory) option. UALR will contribute 12% percent of your base salary.

For more information contact Human Resource Services.

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Last revision 11/1995

Updated 10.26.2011