CRP Contributions

Limitation on Contributions

Federal tax laws limit the amount you and the University can contribute to your retirement savings account under CRP each year. For 2005, the sum of your contributions and the University’s contributions to CRP and your contributions to the SRP cannot exceed 100% of your compensation or $42,000, whichever is less. These limits are increased periodically.

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.