Employees are required to elect one level of coverage. This is an optional coverage paid totally by the employee. Employees are required to elect one level of LTD coverage. Optional coverage paid totally by employee. Contributions deducted on a pre-tax basis are reimbursed from account as employee submits eligible expenses.
Participation is voluntary.
Funds not reimbursable to employee are forfeited. Pension is based on 1.5 percent of average salary multiplied by years of service. This ORP contribution may be invested in any of the funds of TIAA-CREF or Fidelity or both. Employees are immediately vested in this contribution. Payroll deduction is available for employee and spouse.