Employee elects an annual or per pay amount to contribute to a TDA within IRS guidelines from one of six companies (see related links) and the per pay percentage elected is deducted from each check in the following manner:
- Bi-Weekly Staff/Service Employees – deduction will be taken from each regular check, 26 times per year.
- Bi-Weekly Dining Service 9 month Employees – deduction will be taken out of each regular check September through May, 20 times per year.
- Exempt/Faculty/Professional Fiscal Year Employees – deduction will be taken from each regular check, 12 times per year.
- Tenured and Contract Faculty/Professional Academic Year Employees – deduction will be taken from each regular check August through May, 10 times per year.
Related Links
Related Articles
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Pension
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Deferred Compensation - 457(b)
- Information for the 457(b) plan, a Pre-Tax way for employees to save money toward their retirement available to faculty, staff, and employees of Ball State University.