All employees, age 18 and older, of Participating Employers are eligible to enroll in the plan for the purpose of deferring a portion of their pre-tax salary to the plan, even if they have not yet met the Plan's criteria to be eligible to receive contributions from their Employer. These pre-tax salary deferral contributions are known as an elective contributions. Enrolled employees may also roll assets into the UU Organizations Retirement Plan from a similar plan.
Non-Clergy employees serving Participating Employers are eligible to receive contributions from their Employer only once they have:
NOTE: Once an employee has met the Plan's criteria to receive Employer contributions, participating Employers must remit the Employer Contribution even if the employee's hours decrease (drop below 1,000 hours of service/year) in subsequent years.
The Unitarian Universalist Association (UUA) Fair Compensation Guidelines (PDF) recommend an annual retirement plan employer contribution of 10 percent.
For more information contact retirementplan @ uua.org.
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Last updated on Monday, December 22, 2014.
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