Any employee has the option to purchase tax-sheltered annuities.
The Commissioner or designee is responsible for determining the number of and selecting tax-sheltered annuity plans available at each participating institute. The institute president is responsible for seeing that the provisions of this policy are carried out. The institute vice-president for administration or designee is responsible for enrolling employees as they become eligible and for maintaining appropriate records. The institute vice-president for administration or designee is responsible for maintaining current information on deferred compensation and for disseminating appropriate information to employees. The employee is responsible for choosing among the options offered and deciding upon the programs in which to participate.