All permanent employees working 18.75 or more hours per week are eligible to
participate. The plan is 100% contributory by the employee. May defer on a
pre-tax basis (federal and state) 100% of gross salary less pension pre-tax
deductions or $17,000/year (whichever is less). Various options of investments
funds are available. May increase, decrease or stop contributions the first
pay date of a month. Two additional “catch-up” provisions are available: Age
50 Catch-Up Contributions and Pre-Retirement Catch-Up Contributions allow
employees to contribute more.
