Staff Personnel Manual (SPP)

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Effective: 7/1/1978

Revised: 7/1/2012

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SPP 503: Voluntary Retirement Plans

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Purpose

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To allow employees to participate in supplemental retirement plans

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Sources

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Internal Revenue Code §§ 403(b) and 457
Arizona Board of Regents Policy Manual - 6-603

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Eligibility

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All employees, including student workers

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Policy

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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.

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Additional Information

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

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