Insurance and Retirement Information
As a full-time benefit-eligible employee of the University of Missouri, you are eligible for insurance and retirement benefits. Please review the below scenarios to determine which one applies to you. Then, select your specific scenario to learn more about your benefits.
- UM Resident Physician Transferring to a Retirement-Eligible Position
- UM Resident Physician Transferring to Retirement-Eligible Position but Immediately Put on Leave of Absence (With or Without Pay)
- New Employee Hired into Benefit/Retirement-Eligible Position
- New Employee Hired into Benefit/Retirement-Eligible Position but Immediately Put on Leave of Absence (With or Without Pay)
- Current Employee in Benefit/Retirement-Eligible Position Transferring to Another Benefit/Retirement-Eligible Position
- Current Employee in Non-Benefit-Eligible Position Who Transfers to a Benefit/Retirement-Eligible Position
University of Missouri Resident Physician Transferring to Benefits/Retirement-Eligible Position
Insurance Benefits
You will continue to be eligible to participate in a broad array of benefit programs (health, dental, vision, life and disability) that the University makes available. If you are not currently enrolled, or want to make changes to your current elections, you will be eligible to do so during the next Annual Enrollment period. Most programs will require a contribution (premium) on your part to participate. Please contact the UM System Office of Human Resources at (573) 882-2146 with specific questions.
Core and Voluntary Retirement Plans
You will be enrolled in the Defined Contribution Retirement Plan concurrent with the effective date of the appointment listed in your offer letter and you will be automatically enrolled to make a contribution of 8% of eligible compensation. The University will then make a matching contribution, presently up to 8%. You can adjust your contribution election at any time. In addition to the Defined Contribution Retirement Plan, you always have the opportunity to save more toward retirement and reduce your taxable income through payroll deductions with the Voluntary Retirement Plans. For specific information regarding University retirement benefits, please visit the Core and Voluntary Retirement Plans webpage or contact the UM System Office of Human Resources at (573) 882-2146.
Irrevocable Retirement Plans
On or before your first day of employment*, you must make a decision regarding participation in the irrevocable 401(a) Supplemental Retirement Plan and/or irrevocable 403(b) plan. Unlike other deferral options, once you have made this election it cannot be stopped or modified during your employment with the University.
*If you have previously been employed in any capacity with the University of Missouri System, please contact UM System Office of Human Resources Retirement Department to determine eligibility to enroll in irrevocable plans.
University of Missouri Resident Physician Transferring to Benefit/Retirement-Eligible Position but Immediately Put on Leave of Absence (With or Without Pay)
Insurance Benefits
You will continue to be eligible to participate in a broad array of benefit programs (health, dental, vision, life and disability) that the University makes available. If you are not currently enrolled, or want to make changes to your current elections, you will be eligible to do so during the next Annual Enrollment period. Most programs will require a contribution (premium) on your part to participate. Qualifying Events such as family and employment status changes (e.g. leave of absence) provide a unique opportunity to make changes to your plan elections mid-year. The change in coverage must be consistent with the change in status. Please contact the UM System Office of Human Resources at (573) 882-2146 with specific questions.
Core and Voluntary Retirement Plans
You will be enrolled in the Defined Contribution Retirement Plan concurrent with the effective date of the appointment listed in your offer letter and you will be automatically enrolled to make a contribution of 8% of eligible compensation. The University will then make a matching contribution, presently up to 8%. You can adjust your contribution election at any time. In addition to the Defined Contribution Retirement Plan, you always have the opportunity to save more toward retirement and reduce your taxable income through payroll deductions with the Voluntary Retirement Plans. For specific information regarding University retirement benefits, please visit the Core and Voluntary Retirement Plans webpage or contact the UM System Office of Human Resources at 573-882-2146.
Irrevocable Retirement Plans
On or before your first day of employment*, you must make a decision regarding participation in the irrevocable 401(a) Supplemental Retirement Plan and/or irrevocable 403(b) plan. Unlike other deferral options, once you have made this election it cannot be stopped or modified during your employment with the University.
*If you have previously been employed in any capacity with the University of Missouri System, please contact UM System Office of Human Resources Retirement Department to determine eligibility to enroll in irrevocable plans.
New Employee Hired into Benefit/Retirement-Eligible Position
Insurance Benefits
You will be eligible to participate in a broad array of benefit programs (health, dental, vision, life and disability) that the University makes available to full-time benefit-eligible employees. Benefits become effective on your first day of actively working as a benefit-eligible employee at the University, provided you enroll within the first thirty-one (31) calendar days. Most programs will require a contribution on your part to participate. If you do not enroll in a medical plan, even if that choice is to waive coverage, within 31 days, you will be defaulted to the Healthy Savings Plan and you will pay taxes on your contributions (premiums). For specific information regarding University benefits, please visit the Enrolling in Benefits for the First Time webpage or contact the UM System Office of Human Resources at (573) 882-2146.
Core and Voluntary Retirement Plans
You will be enrolled in the Defined Contribution Retirement Plan concurrent with the effective date of the appointment listed in your offer letter and you will be automatically enrolled to make a contribution of 8% of eligible compensation. The University will then make a matching contribution, presently up to 8%. You can adjust your contribution election at any time. In addition to the Defined Contribution Retirement Plan, you always have the opportunity to save more toward retirement and reduce your taxable income through payroll deductions with the Voluntary Retirement Plans. For specific information regarding University retirement benefits, please visit the Core and Voluntary Retirement Plans webpage or contact the UM System Office of Human Resources at (573) 882-2146.
Irrevocable Retirement Plans
On or before your hire date (even if you are not actively at work)*, you must make a decision regarding participation in the irrevocable 401(a) Supplemental Retirement Plan and/or irrevocable 403(b) plan. Unlike other deferral options, once you have made this election it cannot be stopped or modified during your employment with the University.
*If you have previously been employed in any capacity with the University of Missouri System, please contact UM System Office of Human Resources Retirement Department to determine eligibility to enroll in irrevocable plans.
New Employee Hired into Benefit/Retirement-Eligible Position but Immediately Put on Leave of Absence (With or Without Pay)
Insurance Benefits
Your personal leave of absence is commencing on your first day of employment with the University of Missouri System (University); therefore, you are not considered to be actively working. You will not be eligible for University benefits (health, dental, vision, life or disability) until you return from your leave of absence.
When you return from your leave of absence, you will be eligible to participate in a broad array of benefit programs (health, dental, vision, life and disability) that the University makes available to full-time benefit-eligible employees. Benefits become effective on your first day of actively working as a benefit-eligible employee at the University, provided you enroll within the first thirty-one (31) calendar days of returning from your leave of absence. Most programs will require a contribution on your part to participate. If you do not enroll in a medical plan, even if that choice is to waive coverage, within 31 days, you will be defaulted to the Healthy Savings Plan and you will pay taxes on your contributions (premiums). For specific information regarding University benefits or to obtain the enrollment form, please contact the UM System Office of Human Resources at (573) 882-2146.
Core and Voluntary Retirement Plans
You will be enrolled in the Defined Contribution Retirement Plan concurrent with the effective date of the appointment listed in your offer letter and you will be automatically enrolled to make a contribution of 8% of eligible compensation. The University will then make a matching contribution, presently up to 8%. You can adjust your contribution election at any time. In addition to the Defined Contribution Retirement Plan, you always have the opportunity to save more toward retirement and reduce your taxable income through payroll deductions with the Voluntary Retirement Plans. For specific information regarding University retirement benefits, please visit the Core and Voluntary Retirement Plans webpage or contact the UM System Office of Human Resources at (573) 882-2146.
Irrevocable Retirement Plans
On or before your hire date (even if you are not actively at work)*, you must make a decision regarding participation in the irrevocable 401(a) Supplemental Retirement Plan and/or irrevocable 403(b) plan. Unlike other deferral options, once you have made this election it cannot be stopped or modified during your employment with the University.
*If you have previously been employed in any capacity with the University of Missouri System, please contact UM System Office of Human Resources Retirement Department to determine eligibility to enroll in irrevocable plans.
Current Employee in Benefit/Retirement-Eligible Position Transferring to Another Benefit/Retirement-Eligible Position
Insurance Benefits
You will continue to be eligible to participate in a broad array of benefit programs (health, dental, vision, life and disability) that the University makes available. If you are not currently enrolled, or want to make changes to your current elections, you will be eligible to do so during the next Annual Enrollment period. Most programs will require a contribution (premium) on your part to participate. Please contact the UM System Office of Human Resources at (573) 882-2146 with specific questions.
Core and Voluntary Retirement Plans
You will continue to be eligible to participate in your current Core Retirement Plan. Core Retirement Plans and the plan you’re eligible for depends on your benefit eligibility and hire status. More information is available on the Core and Voluntary Retirement Plans webpage. In addition to your Core Retirement Plan, you always have the opportunity to save more toward retirement and reduce your taxable income through payroll deductions with the Voluntary Retirement Plans. For specific information regarding University retirement benefits, please contact the UM System Office of Human Resources at (573) 882-2146.
Irrevocable Retirement Plans
Irrevocable Retirement Plans
On or before your first day of employment*, you must make a decision regarding participation in the irrevocable 401(a) Supplemental Retirement Plan and/or irrevocable 403(b) plan. Unlike other deferral options, once you have made this election it cannot be stopped or modified during your employment with the University.
*If you have previously been employed in any capacity with the University of Missouri System, please contact UM System Office of Human Resources Retirement Department to determine eligibility to enroll in irrevocable plans.
Current Employee in Non-Benefit-Eligible Position who Transfers to a Benefit/Retirement-Eligible Position
Insurance Benefits
You will be eligible to participate in a broad array of benefit programs (health, dental, vision, life and disability) that the University makes available to full-time benefit-eligible employees. Benefits become effective on your first day of actively working as a benefit-eligible employee at the University, provided you enroll within the first thirty-one (31) calendar days. Most programs will require a contribution on your part to participate. If you do not enroll in a medical plan or actively elect to waive coverage within 31 days, you will be defaulted to the Healthy Savings Plan and you will pay taxes on your contributions (premiums). For specific information regarding University benefits, please visit the Enrolling in Benefits for the First Time webpage or contact the UM System Office of Human Resources at (573) 882-2146.
Core and Voluntary Retirement Plans
You will be enrolled in the Defined Contribution Retirement Plan concurrent with the effective date of the appointment listed in your offer letter and you will be automatically enrolled to make a contribution of 8% of eligible compensation. The University will then make a matching contribution, presently up to 8%. You can adjust your contribution election at any time. In addition to the Defined Contribution Retirement Plan, you always have the opportunity to save more toward retirement and reduce your taxable income through payroll deductions with the Voluntary Retirement Plans. For specific information regarding University retirement benefits, please visit the Core and Voluntary Retirement Plans webpage or contact the UM System Office of Human Resources at (573) 882-2146.
Irrevocable Retirement Plans
On or before your first day of employment*, you must make a decision regarding participation in the irrevocable 401(a) Supplemental Retirement Plan and/or irrevocable 403(b) plan. Unlike other deferral options, once you have made this election it cannot be stopped or modified during your employment with the University.
*If you have previously been employed in any capacity with the University of Missouri System, please contact UM System Office of Human Resources Retirement Department to determine eligibility to enroll in irrevocable plans.
Reviewed 2020-05-21
