• Pension Plan
  
• 403(b)/401(k) Retirement Savings Plan
  

The UH Pension Plan is designed to provide a foundation of retirement income for all eligible employees. UH pays the full cost of the pension benefit, which is designed to work with your 403(b)/401(k) savings and Social Security.

How the pension benefit works and eligibility requirements vary. To learn more about this benefit:

• For UHMG employees – contact Fidelity Investments at 1-800-343-0860
• For all other UH employees – contact UH Pension Services at 1-866-213-UHHS (8447)

The plan is designed to help you contribute toward your future financial security. You may immediately contribute to the plan on a pre-tax basis. Taxes will be deferred on earnings generated by your contributions until you withdraw from the plan.

• You may contribute up to 50% of your income to a maximum of $16,500 in 2010. Highly compensated employees may have lower contribution limits. You’ll receive more information if this applies to you.
• If you are age 50 or older, you are eligible to make an additional “catch-up” contribution of $5,500 during 2010, based on IRS rules.

You are immediately vested on any money you contribute to the plan. Go to Fidelity to learn more about plan features.