Retirement
Exempt Staff
Utah Retirement System
Non-Contributory Plan
If you are enrolled in this plan, USURF will contribute 17% of your
annual gross earnings-above and beyond your annual salary. Of this, 1.5% is contributed to the USRS 401(k)
plan and remaining percent will be contributed to the defined retirement plan.
TIAA/CREF and Fidelity Retirement Plan
If you are enrolled in the TIAA/CREF or Fidelity retirement programs, USURF contributes
14.2% of your annual gross earnings to retirement--above and beyond your annual
salary. You designate how this contribution is invested among the various
investment options.
Non-Exempt Staff
Utah Retirement System
Non-Contributory Plan
If you are enrolled in this plan, SDL will contribute 17% of your annual
salary. Of this, 1.5% is contributed to the URS 401(k) plan
and the remaining percent will be contributed to the defined benefit retirement plan
TIAA/CREF and Fidelity Retirement Plans
(Out of State Non-Exempt Employees)
If you are enrolled in the TIAA/CREF or Fidelity retirement programs, SDL contributes
14.2% of your annual gross earnings to retirement--above and beyond your annual
salary. You designate how this contribution is invested among the various
investment options.
Social Security/Medicare
(Both Exempt & Non-Exempt Staff)
SDL shares the cost of your Social Security/Medicare benefits by contributing
6.2% of your salary up to $5,394 with a taxable wage base of $87,000 for Social
Security. A contribution of 1.45% is made for Medicare on all earnings. You
will match these contributions by payroll deduction. Social Security provides
several important benefits in the form of retirement payments, disability benefits,
medical benefits under Medicare, and death benefits paid to a spouse or dependent.
|
