Retirement on Stipends
The University will consider stipends for employees serving in Interim positions subject to retirement contributions.
Guidelines for Retirement on Stipends
- To be eligible, an employee must be serving in an interim capacity for a period of greater than six months.
- If eligible, the stipend would be subject to both employee and employer contributions to the retirement plan commencing with the effective date of the interim appointment. An appointment that is not greater than six months, but is extended to become greater than six months will begin receiving retirement contributions at the time of the extension.
- All contributions would be subject to the rules of the plan that the employee regularly participates in.
Original Effective Date: 7/1/07