Mandatory Plan Salary Reduction Agreement Updated on: March 1, 2018 Agreement for Salary Reduction Under Section 403(b) Retirement Plan Contributions (RA): Effective with respect to amounts earned on or after the first day of eligibility, the eligible employee’s monthly or semi-monthly base salary will be reduced by 2% on a pre-tax basis and at the same time the College will contribute 8% to employee’s annuity contract(s) allocated as designated by the employee in accordance with the College’s TIAA retirement plan. Participation in the college's retirement plan is required as a condition of employment for all eligible employees. The Agreement shall be legally binding and irrevocable as to each of the parties hereto while eligibility for participation continues. I authorize Austin College to reduce my pay. My typed name and my Austin College email address will serve as my signature.* First Name Last Name Austin College Email Address:*