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Local
134 Agreement
ARTICLE XX RETIREMENT
INCOME PLAN
The University's contribution to the Defined Contribution portion of ERIP increased from 2% to 2.5%. Employees are eligible to participate in the Retirement Income Plan at age twenty-one (21) or after completion of one year of service. Mandatory enrollment will be at age twenty-one and/or after one (1) year of service.
Employees shall be vested in the Defined Benefit and the Defined Contribution portions of ERIP upon three (3) years participation.
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