Unclassified Retirement Plan
The Unclassified Retirement Plan is a defined contribution retirement plan. Retirement benefits are based on your value of your account when you retire. The account balance is comprised of contributions from you and your employer, plus any investment gains or losses.
The plan is "tax-deferred, " which means you don't pay taxes until the money is withdrawn.
You have the freedom to choose how contributions to your account will be invested. To learn more, see Investments.
Employees covered by the Unclassified Plan contribute to Social Security; therefore, monthly benefits from the Plan are paid in addition to Social Security benefits.
The Unclassified Plan does not offer loans, hardship withdrawals, or in-service withdrawals.
View this video to learn how your Unclassified Retirement Plan works