Vesting in CRP

Forfeiture of University Contributions

If you leave the University before you are vested in your University contributions, you will not be entitled to receive any University contributions previously allocated to your retirement savings account nor will you be entitled to receive any earnings on those contributions, and such amounts will be forfeited following your termination date. If you are re-employed by the University before you incur five (5) consecutive 1-Year Breaks in Service as defined below, the amount forfeited will be restored upon your rehire date.

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.