Staff Personnel Manual (SPP)

Effective: 7/1/1978

Revised: 7/1/2012

SPP 503: Voluntary Retirement Plans

Purpose

To allow employees to participate in supplemental retirement plans

Sources

Internal Revenue Code §§ 403(b) and 457

Arizona Board of Regents Policy Manual - 6-603

Eligibility

All employees, including student workers

Policy

An employee may elect to accept a reduction in salary for the purpose of purchasing a tax deferred retirement savings plan—Voluntary 403(b) Plan, 457(b) Deferred Compensation Plan, or other qualified plan available to university employees, including student workers.

Additional Information

For information on voluntary retirement plans, see Retirement Plans on the Human Resources Benefits Web page.

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