The policy below is no longer in effect as of 1995.
312 Benefit Dollars
The University contributes a predesignated, annual dollar amount, payable monthly with each salary check, to each regular employee scheduled to work for more than 20 hours each week in a managerial and professional position. These funds may be used to pay in whole or in part for the cost of medical, life, or dental premiums, or they may be applied to a tax-deferred annuity or savings plan, or be retained as additional taxable compensation. Payments under the Plan to eligible employees are reported as a line item on monthly salary checks.