SPP 503: Voluntary Retirement Plans
To allow employees to participate in supplemental retirement plans
Internal Revenue Code §§ 403(b) and 457
Arizona Board of Regents Policy Manual - 6-603
All employees, including student workers
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.
For information on voluntary retirement plans, see Retirement Plans on the Human Resources Benefits Web page.
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