Retirement
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Useful Contacts |
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TIAA-CREF 1-800-842-2776
Fidelity 1-800-343-0860 |
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Useful Links |
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Special
TIAA-CREF
website
TIAA-CREF homepage |
If you are eligible for UAMS retirement contributions (** see footnotes below), you have two retirement plans to choose from: the UAORP and APERS. Each offers different opportunities for your retirement planning. You should consider factors such as your ability to make personal contributions, your future employment plans, and your interest in participating in the management of your investment funds.
University of Arkansas Optional Retirement Plan
The
University of Arkansas Optional Retirement Plan (UAORP)
is a
403(b) and 457(b) “defined contribution plan.” That means
your benefits are based on contributions made to the plan by you and UAMS, plus
the growth or interest earnings of those contributions. The UAORP is the
default, primary plan for UAMS and employees at other University of Arkansas
campuses.
Once you complete an application for either of the two UAORP fund sponsors – TIAA-CREF and/or Fidelity – UAMS automatically contributes an amount equal to 5% of your salary. You are encouraged to contribute to your account as well. Your contributions over 5% are matched by UAMS up to 10%. Because the UAORP is a combo 403(b) and 457(b) plan, you can generally contribute up to two times the applicable IRS limit on tax-deferred contributions.
** Housestaff, Residents and other employees who are ineligible for retirement benefits (including temporary employees, student employees, and employees who work less than 20 hours a week) are eligible to make personal, unmatched, pre-tax contributions to Tax Deferred Annuities. Forms and information is available in Human Resources.
Arkansas Public Employees Retirement System (APERS)
Because UAMS is a state supported institution, you have the option to select the Arkansas Public Employees Retirement System (APERS) instead of the UAORP. This is a one-time, irrevocable choice you can make only during your fist 30 days of employment. APERS is a “defined benefit plan”. Retirement income is a specific, calculated amount based on your years of State government service and salary during employment. UAMS contributes to the plan as determined by State legislation. If you join APERS on or after July 2005, you are required to contribute 5% from each paycheck.
Arkansas Teacher Retirement System (ATRS)
** If you previously participated in the Arkansas Teacher Retirement System (ATRS) for 5 or more years, you may opt to participate in that plan as an alternative to the UAORP. Contact Human Resources at (501) 686-5650 for information.
Additional Retirement Information & Forms
Click here to view the Powerpoint presentation we use at New Employee Orientation to describe our retirement plans.
Click
here
to “Learn the
10 Steps to a sound and secure retirement."
| Retirement Information | |
Retirement SPD |
Summary Plan Description (benefit book) for the U of A Retirement Plan |
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2008 bucket illustration 2007 bucket illustration |
Shows the year limits on tax-deferred (before tax) contributions and how your contributions flow from bucket to bucket. |
| Schedule of TIAA-CREF and Fidelity campus visits | Attend a group meeting or schedule a one-on-one counseling session with your fund sponsor by visiting their website. |
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Your retirement plan options - front
page Your retirement plan options - back page |
Summary of retirement plans, handed out at Orientation |
| Retirement Forms | |
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Following are the benefit forms that you can print, complete, and send to Human Resources. Not all forms are listed here, as some are printed on multiple-copy paper and are only available through our Employee Services office, located in Room 1R/08 of the Barton Research Building. If you are unable to visit Employee Services, please call (501) 686-5650 and ask for the form to be mailed to you. Once you complete your form, you can drop it off at Employee Services. Or you can send it through campus mail to Benefits, box # 564-1. Or you can fax it to UAMS Benefits at (501) 603-1318. Or you can mail to:
Benefits, # 564-1 |
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Print this and fill it out by hand to change the percent you contribute to your retirement plan (UAORP). Do not use to cancel your contribution. |
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Same as above, but you can fill it out on-line, then print and sign. |
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Cancel your retirement contribution (change from x percent to zero percent contribution) |
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Fill this out if you made pre-tax contributions to another employer’s retirement plan before coming to UAMS (so we can assist you in avoiding an excess deferral). |
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IRS pre-tax limits apply to your combined UAMS and other employer plan contributions. Fill this out if you are also employed by the VA and make pre-tax contributions to the Thrift Savings Plan. By reporting this amount, we can assist you in avoiding an excess deferral. |
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If you select Fidelity as your UAORP fund sponsor, this is a required form. This is handed out at Orientation. All employees use this form – those eligible for the match and those not. |
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Fill this out the first time you contribute retirement dollars to the Fidelity 457(b) plan (which means you’ve filled up your 403b pre-tax bucket). |
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If you participate in both Fidelity and TIAA-CREF, use this to designate what percentage of total retirement contributions goes to each. |
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If you select TIAA-CREF as your UAORP fund sponsor, this is a required form. This is handed out at Orientation. |
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Fill this out the first time you contribute retirement dollars to the TIAA-CREF 457(b) plan (which means you’ve filled up your 403b pre-tax bucket). |
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Fill out the Tax Deferred Annuity application if you want to contribute to the UAORP but are not eligible for the match. This applies to temps, student employees, those working less than 50% and Housestaff. |
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University of Arkansas for Medical Sciences
4301 W. Markham St., Little Rock, AR 72205
For the Office of Human Resources & Employee Services, Call 1-501-686-5650
To Make an Medical Appointment Call the Appointments Center at: 1-501-686-8000
For Patient Information/Rooms, Call 1-501-686-6416
For General Information and for Numbers Not Listed, Call 1-501-686-7000
For International Patient Appointments, Call 1-501-686-8071
Questions about the Office of Human Resources website? Send us
an email.
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