Eligibility for the Retirement Plan
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-income-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 voluntary pre-income-tax salary deferral contributions are known as Elective contributions; the Employer is to obtain a signed Employee Contributions Agreement (Salary Reduction Form) in order to document the employee's authorization of the 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:
- attained age 18, and
- have accumulated 1,000 hours of service with a participating employer during the 12-month period starting on their date of hire and ending on their one year anniversary date or have otherwise met Plan criteria.
- If the employee does not accumulate 1,000 Hours of Service in the 12-month period beginning with the date of hire, then the employee will become eligible for Employer Contributions on the first of the year following the first calendar year (which corresponds with the Plan year) during which they worked 12 consecutive months and provided a minimum of 1,000 Hours of Service (as defined in the Plan).
- Ordained Unitarian Universalist clergypersons who are serving Participating Employers, and individuals who have successfully completed a UU Ministerial Internship are to receive employer contributions upon hire; they have, by definition, fulfilled the Plan's Year of Eligibility Service provision.
- Contact retirementplan [at] uua [dot] org with questions concerning eligibility.
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.