Important Changes for Student Workers

Due to recent changes in IRS regulations, student workers will no longer be eligible to contribute to the University's voluntary retirement plans (the Optional Retirement Plan and the 457 Deferred Compensation Plan) as of January 1, 2009. The University had approximately 55 student workers participating in these plans as of the 12/31 pay date. These deductions will be stopped before the cutoff for the January 14, 2009 paycheck.

Notification letters were mailed to the home addresses of the impacted student employees. Please refer students with questions about this to Employee Benefits.

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This page contains a single entry by ludow006 published on January 15, 2009 1:43 PM.

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