Your CRP Benefits

CRP Highlights

Eligibility

CRP-Eligible Positions

Ineligible Employees and Individuals

Job Classifications and Positions

Participating in CRP

Participation Date

Participation During a Leave of Absence

Leave of Absence

Disability

Uniformed Services Employment and Reemployment Rights Act

Participation Beyond Normal Retirement Age

When Participation Ends

Enrolling in CRP

Enrollment Forms

Making Your Enrollment Elections

Naming a Beneficiary

Monitoring Your Investment Elections

Changing Your Investment Elections

CRP Contributions

Rollover Contributions

Contributions and Earnings are Tax-Deferred

Limitation on Contributions

Vesting in CRP

Participants Hired Before July 1, 2005

Participants Hired After June 30, 2005

Forfeiture of University Contributions

Years of Service; Breaks in Service; Year of Employment

Years of Service

Breaks in Service

Forfeiture of Years of Service

Year of Employment

Participant Loans

Amount of Loan

Securing Your Loan

Loan Terms

Loans in Default

Applying for Loans

Receiving Your Benefits

While You Are Employed by the University

After You Leave the University

Amount of Benefits

Normal Form of Payment

Optional Forms of Payment

Description of Forms of Payment

Things You Need to Know Before Choosing a Payment Option

Direct Rollovers

Spousal Rights to CRP Benefits

Starting Benefit Payments

Deferring Benefit Payments

Paying Taxes

Lump Sum Distributions

Annuity Payments

Periodic Payments

Early Distribution Penalty

An Important Point About Taxes

If Your Benefit Application is Denied

Death Benefits

If You Die After CRP Benefits Begin

If You Die Before CRP Benefits Begin

Spousal Rights to CRP Death Benefits

Deferring Benefit Payments

Administrative Information

Your ERISA Rights

Receive Information About CRP and Benefits

Prudent Actions by Plan Fiduciaries

Enforce Your Rights

Assistance with Your Questions

Plan Administrator

Plan Amendment and Termination

Pension Benefit Guaranty Corporation

Qualified Domestic Relations Orders

Plan References

A Final Note

While this Summary Plan Description summarizes the major provisions of this plan, it does not provide you with every plan detail. The plan documents, which govern this plan, provide full details. If there are any discrepancies between this Summary Plan Description and the legal plan documents, the legal plan documents control.