How does an employee enroll in the IU Retirement Savings Plan?
• Complete the appropriate salary deferral agreement; • Establish a plan account at an authorized investment company by completing an investment company account application; and • Return a completed salary deferral agreement and account application to the campus human resources office no later than 30 days prior to the next pay date. How often can an employee change the amount he or she contributes to a supplement retirement plan? An employee may increase, decrease, or even stop contributions being made to the plan each payroll period. To increase, decrease, or stop contributions being made to a plan, an employee must complete and return a new salary deferral agreement (or a termination of salary deferral agreement) to a campus HR office at least 30 days prior to the next pay date. Will making contributions to a supplemental retirement plan reduce an employee’s Social Security benefits? No. Employment taxes are deducted from an employee’s compensation before contributions are made to t
Related Questions
- Does the change in the AEP Retirement Savings Plan service provider apply to the non-qualified plans, including the supplemental savings plan and the deferred income plan?
- After I retire onto 18/20, can I still contribute to the IU Tax Deferred Annuity Plan or IU Retirement Savings Plan from my 18/20 Pay?
- How does an employee enroll in the IU Retirement Savings Plan?
