University employee who have two years of work experience in an educational institution may voluntarily participate in the Basic Retirement Plan once they reach the age of 26; University employees who have two years of educational work experience are required to participate once they reach the age of 30. Work experience at another educational institution may be sued to qualify an employee to participate in the University plan.

The University has a tow-tier basic retirement plan. In Tier One, the employee contributes 3.5% of salary, and the University contributes 6.0%. In Tier Two, the employee contributes 5.5% of salary, and the University contributes 7.5%. Employees are fully vested from day one, which means all funds deposited into your account are yours as soon as they are deposited. Employees may place funds with TIAA/CREF and/or Fidelity Investments, both financially secure investment companies