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IMPORTANT BENEFITS UPDATES


 

The University of Arkansas is changing the lineup of available funds for Optional Retirement to meet your need.  We are updating this benefit to ensure our offering is consistent with what is considered to be the best practice in the industry. You have a new fund line-up from which you can choose to invest your U of AR Retirement Plan 403(b) and 457(b) beginning May 10, 2017.  The automatic conversion of your existing investments to the new fund line-up won't take effect until October 2, 2017. For more information, please click here.

Important details of this transition will be mailed to your home. Make sure you check your mailbox and review the information carefully. The following documents will be included in your mail out:

1.  Letter
2.  U of AR 403(b)/457(b) Retirement Plan Investment Option Changes
3.  Transition Brochure

For your personal needs, please schedule one-on-one counseling sessions with your retirement vendor:


Fidelity Investments
TIAA

Join University of Arkansas and Fidelity for an educational web workshop, where you'll learn strategies and tips to help you manage your financial future with confidence, click here.


In July 2016 the University introduced a required employee contribution for participants in the University Retirement Plan.   Continuing the schedule, this July employees contributing at less than 2% will be increased to a required employee contribution of 2%. Each July the required employee contribution will increase by 1% until it reaches 5%.  

July 2016 through June 2017         1% employee contribution required

July 2017 through June 2018         2% employee contribution required

July 2018 through June 2019         3% employee contribution required

July 2019 through June 2020         4% employee contribution required

July 2020 and forward                     5% employee contribution required