Reminder notice about retirement contribution (04/9/2009)

Due to a change in our retirement plan, temporary (non-student) employees become eligible for 11% contribution into the retirement program if they:
–are initially hired on or after January 1, 2009, and

— complete at least 1,000 hours of qualified employment during their first 12 months of employment or any 12-month period of July 1 through June 30 thereafter. Please note that 1,000 hours of qualified employment includes work performed for all principal investigators, not just work performed for you.

If you employ temporary (non-student) employees beginning January 1, budgeting for the retirement contribution for these employees will now be required. For this reason, ODURF staff will begin budgeting, on all proposal submissions, for the retirement contribution for any temporary (non-student) employees. This will impact any proposal submissions that have expenditures for temporary (non-student) employees on January 1, 2010 or beyond.

For existing grant and contract projects, principal investigators are encouraged to contact their grant and contract administrator to discuss any budget revisions needed for the retirement contribution.

If you have any questions, please direct them to your ODURF grant and contract administrator.