As an employee, you have the opportunity to invest in voluntary tax-deferred retirement options. Your options include 403(b) and 457.
Eastern Illinois University sponsors the Supplemental 403(b) Retirement Plan. Eligible employees of the university can voluntarily elect to defer a portion of their compensation to the plan to supplement their retirement savings. Please refer to the 403(b) Universal Availability Notice for more information.
To enroll in the voluntary tax-deferred retirement plan or to change the amount/allocation of your salary reduction:
The following companies, approved by the Board of Trustees, are authorized to market tax-sheltered investment products at EIU:
Deferred Compensation is a 457 retirement plan that allows you to contribute part of your pay through payroll deductions into a separate retirement account. To enroll in the state-deferred compensation program, complete the enrollment form or call the CMS Deferred Compensation Office at 800-442-1300.
To enroll in Deferred Compensation:
To change Deferred Compensation: