BeneTip: Can I change my retirement contribution?

At Kent State University, we operate within the framework of the OPERS and STRS retirement systems. These state systems require employee contributions of 10% (OPERS) or 14% (STRS). Although you have the opportunity within your first 120 days to elect an alternative retirement provider, your contribution toward retirement remains the same. The university also contributes up to 14% toward each employee’s retirement savings.

You cannot increase or decrease your contribution percentage toward your mandatory retirement account. However, full-time classified and unclassified employees who want to save even more are eligible to open a supplemental retirement account (403-b or 457-b) with one of our approved vendors. Read more about these accounts on our Supplemental Retirement Options webpage.

As always, if you have any questions about this or other benefits topics, you’re welcome to connect with the Employee Benefits office. Call us at 330-672-3107 or email benefits@kent.edu.

POSTED: Thursday, October 20, 2022 10:02 AM
UPDATED: Friday, March 29, 2024 10:19 AM