Employee Benefits
Individual Retirement Account (IRA)

CODE: 30-01-40-80:00 EFFECTIVE DATE: 07/07/90 REVISION DATE: 00/00/00 LAST REVIEWED: 12/20/04

PURPOSE: To set policy regarding Individual Retirement Accounts (IRA).

RESPONSIBILITY: The Vice President for Human Resources is to ensure compliance with this policy.

POLICY:

INDIVIDUAL RETIREMENT ACCOUNT(IRA)

The University offers its eligible (members of a State pension plan), staff members participation in Individual Retirement Accounts (IRA) whereby, if qualified, they may contribute on a before-tax-basis up to $2,000 based on annual salary. There is a minimum requirement of a $25.00 contribution per pay period.

PROCEDURE:

Contact your campus Human Resources Representative for referral to the Copeland Company Representative.

by direction of the President

Vice President for Human Resources