Investment Options
The University has an agreement with Transamerica Retirement Solutions (Transamerica) whereby Transamerica receives, invests, and reports on the funds sent to them on behalf of eligible employees. Employees have several investment options within the SPU monitored core lineup of funds available at Transamerica. The Office of Human Resources will provide information about these options but the participating employee directs all investment choices with Transamerica.
Eligibility
If you are employed by the University, you will be eligible to participate in the Plan at the time described below, unless you are an adjunct faculty member, a student enrolled at the University or a Leased Employee. Adjunct faculty, students and Leased Employees are not eligible to participate in the Plan.
If you are an eligible employee, you will begin participating in the Plan on the Entry Date immediately following the date on which you complete one Year of Service, provided you are at least age 21 as of that date, and you have completed 1,000 hours of service during your initial 12 months as an employee. Entry Dates are July 1, October 1, January 1 and April 1.