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Human Resources

Supplemental Retirement Annuity (SRA)

Summary:

Tax-deferred Annuity Program.

Carriers:

Eligibility:

All faculty, administrative staff, and supportive operating staff.

Employee Cost:

Employee elects to tax defer a certain dollar amount from their monthly or bi-weekly paycheck into the SRA. Denison does not contribute to this benefit.

Benefit:

Employee elects which funds to invest the money directed into the SRA. Many investment funds are available from TIAA-CREF, ING, and Scudder.

The purpose of this program is to tax defer income for use in retirement. There are many forms of benefit at retirement age. Please contact Jim Ables at ext. 6239 in the Office of Human Resources for an explanation of benefits at retirement.

Notes:

The Office of Human Resources arranges for carriers to visit Denison's campus at least once per year. You are encouraged to meet and visit with the carrier representatives to learn more about your investment options.

This plan has been described here in a general manner. Your benefits are more fully described in the Plan document and/or applicable policies. In the case of a conflict or omission, the provisions of the Plan document and/or applicable policies will govern.