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Date Revised: 5-15-2014Supersedes: 3-7-2013
Summary: Establishes policies and procedures for participation in the University of
Arkansas Retirement Plan for Civil Service Retirement System employees, Civil Service
Retirement System Offset employees and Federal Employees Retirement System.
Civil Service Retirement System (C.S.R.S., C.S.R.S. Offset) employees and Federal
Employees Retirement System (F.E.R.S.) may participate in the University of Arkansas
Retirement Plan (the Plan)
• C.S.R.S. employees may make contributions to the Plan, but it is not mandatory.
Extension will contribute an amount equal to 5 percent of the employee's salary. Employees
may contribute any amount. Extension will match the employee's contribution up to
9.2 percent of $62,700 plus 3 percent of salary above $62,700.
• C.S.R.S. Offset employees may participate in the Plan. Extension will match the
employee's contribution up to 3 percent of salary.
• F.E.R.S. employees may make contributions to the Plan, but it is not mandatory.
There is no employer matching contribution.
• Employees are vested immediately.
There are two companies in the Plan: Fidelity Investments and T.I.A.A./C.R.E.F. Employees
may allocate contributions to either company or both. Fidelity Investments is a mutual
fund company which offers the employee an opportunity to make pooled investments in
stocks, bond, and short-term investments. T.I.A.A./C.R.E.F. is a nonprofit life insurance
company which offers investment opportunities in long-term bonds and common stocks.
Benefits from each include lifetime annuities and lump sum payments.
For additional information about these retirement plans you may contact the Human
Resources Office at 501-671-2219.