Tax-Deferred Annuity

To All Faculty and Staff:

Effective January 1, 1999, faculty and staff may be eligible for exemption from the one-year wait requirement to participate in the University's Basic Tax-Deferred Annuity Plan. To qualify you must meet the following criteria:

  1. Employed by an institution entitled to maintain an IRC 403(b) Plan;
  2. Hired by the University from the eligible institution referenced above;
  3. Employed in a position which would have been qualified for participation in the University's Basic Tax-Deferred Annuity Plan; and
  4. Employed in the position for a minimum of one year.

In order to participate, the faculty or staff member must certify in writing that the criteria outlined above has been met and must obtain a similar certification from the previous employer.

The Benefits Office will supply employee certification forms to those who request them or they may be accessed on the HR website, For information, call the Benefits Office at 898-7282, or e-mail leonardc@pobox.

--Leny Bader, Director of Benefits, Division of Human Resources

Almanac, Vol. 45, No. 16, January 12, 1999