Starting July 1, 2023, CU Health Plan members enrolled in Anthem's Exclusive, Extended or High Deductible plans will see important changes to CVS Caremark pharmacy coverage. Learn more about these changes, where to fill your prescriptions and what actions to take at cu.edu/pharmacy.
All eligible employees can enroll in the 401(k) plan. This is a defined contribution plan that allows pretax contributions, which lowers taxable income. Participants save on taxes now and pay taxes only on distributions in retirement.
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|Who can participate?||All CU faculty and staff.|
|How much can you contribute?
|2023 Combined limits:
|When are you vested?||Contributions to this account will be 100% vested immediately.|
|When can you take money out?||Qualifying distributions
|Loans: Members can borrow from their account balances and pay back the loan with interest. Two types of loans are available: general and residential. Learn more.
|Investment choices||You will have access to the PERAdvantage line of investments, which can accommodate whether you are comfortable making your own investment decisions or prefer a more hands-off approach. Target Date Funds are available based on your expected retirent date.
See PERA's voluntary plan website and related investment lineup.
|What are the fees?||The administrative fee is a flat rate of $1 per month. Participants also pay a 0.03% total asset-based fee. Learn more.|