No waiting period for CU retirement plan enrollment
Add an item to the CU employee perks you share during the new employee onboarding process: Eligible employees are automatically enrolled in CU's 401(a) Retirement Plan within their first few days of employment with the university.
The bonus: While eligible employees contribute a mandatory 5 percent of pay to the plan, CU contributes an additional 10 percent. Because CU will enroll eligible employees into their 401(a) accounts on the first of the month following their hire/eligibility date, it's important for you to communicate this automatic deduction early in the hiring process.
CU determines employees' eligibility for one of its two mandatory retirement plans based on job descriptions and job codes.