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Retirement

Retirement

457(b) Deferred Compensation Plan – This plan provides a way for employees to build their retirement savings on a pre-tax basis through payroll deductions. Employees may begin deferring compensation into their accounts at any time and may defer as much as they wish, up to annual limits established by the IRS.

Match Savings Plan – University Health System will match your 457 contributions, up to 4 percent of your pay, to your 457 Deferred Compensation Account, at the rate of 25 percent.

403(b) Savings Plan – A supplemental method of saving additional pre-tax dollars for retirement. Employees may begin deferring compensation into their accounts at any time and may defer as much as they wish, up to annual limits established by the IRS.

How to Enroll – Contact Voya Financial at 210-979-8277 for personal enrollment assistance or log on to uhs.beready2retire.com

Cash Balance Plan – Participants contribute 3% of compensation for each pay period. Participants shall be credited with Health System contributions in an amount equal to 3% each pay period.

Defined Benefit Plan – This plan is for employees hired prior to July 1, 2012, and certain rehires. Participants will contribute 2% of gross pay each pay period. Upon meeting retirement eligibility, a formula will be used to determine benefits.