Direct Deposit Employees may have their paychecks automatically deposited into their bank or credit union. Prior service must be as a full-time teacher in a publicly supported educational institution and must be matched by at least an equal number of years of creditable service at UMass prior to age 65. Total cost can be paid in a lump sum or by payroll deduction over a period not to exceed 5 years. Nothing in this brochure is intended to create a contract of employment. Certain benefits may have conditions or limitations which are too detailed to include in this summary.
All benefits are subject to to change.
First day of the month following 60 calendar days of employment. Cost of premium determined by age and salary. State Retirement Plan Date of hire. Paid by employee. Federal tax deferred.