Common use of Base Retirement Program Clause in Contracts

Base Retirement Program. 265 Michigan State University provides a base retirement program made available through the University and selected by the employee. -266 Eligibility and Participation – Regular full-time and part-time employees are eligible for participation in the MSU 403(b) retirement plan made available through the University, and selected by the employee, in accordance with the following policies: a. The program is optional to employees under age 35 or who are over age 62 at the time of employment. b. The program is required as a condition of employment for employees who have attained age 35. c. Once required participation commences, it is not possible to disenroll from the program made available through the University, and selected by the employee while employed at the University. -267 Premium Contribution – The base retirement program made available through the University, and selected by the employee, are financed by a five (5%) percent deduction from an employee’s base wage, overtime and shift differential with the University contributing ten (10%) percent. -268 Complete details concerning the provisions of the University’s base retirement program made available through the University, and selected by the employee, may be obtained from MSU Human Resources.

Base Retirement Program. 265 262 Michigan State University provides a base retirement program made available through the University and selected by the employee. -266 -263 Eligibility and Participation – Regular full-time and part-time employees are eligible for participation in the MSU 403(b) retirement plan made available through the University, and selected by the employee, in accordance with the following policies: a. The program is optional to employees under age 35 or who are over age 62 at the time of employment. b. The program is required as a condition of employment for employees who have attained age 35. c. Once required participation commences, it is not possible to disenroll from the program made available through the University, and selected by the employee while employed at the University. -267 -264 Premium Contribution – The base retirement program made available through the University, and selected by the employee, are financed by a five (5%) percent deduction from an employee’s base wage, overtime and shift differential with the University contributing ten (10%) percent. -268 -265 Complete details concerning the provisions of the University’s base retirement program made available through the University, and selected by the employee, may be obtained from MSU Human Resources.