| To help you plan for your retirement, UH provides:
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, contact UH Pension Services at 1-866-213-UHHS (8447).
403(b)/401(k) Retirement Savings Plan 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.
Contributing to the Plan
- You may contribute up to 75% of your income to a maximum of $17,000 in 2012. 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 2012, 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. |
