Retirement Plan Vesting
Employees Hired Prior to January 1, 2010
Employees hired prior to January 1, 2010 are immediately 100% vested. This means the 10% employer match, as well as your 5% employee contribution, belongs to you from day one.
Employees Hired On or After January 1, 2010 – New Vesting
Employees with start dates on or after January 1 must work for the University for a period of five years to see the UK-contributed portion of their accounts become “vested.” In other words, employees (hired on or after January 1, 2010) who leave the University before completing five years of service will not keep any portion of those retirement account funds (10% match) contributed by the University over that time period. Employees hired on or after January 1 will have full access to the 5% employee-contributed portion of their retirement account(s).
Starting January 1, 2010, employees who return to the University after a break in service of more than 12 months will be affected. Employer retirement account contributions made after their return will be affected by the 5-year vesting rule.
For answers to Frequently Asked Questions about the 5-year vesting rule, click here.
- Retirement Overview
- Basic Retirement Plan
- Voluntary Retirement Plans
- Loans and Withdrawals
- Ready to Retire
- Enrollment Forms
- Phased Retirement for Faculty and Staff
- Registered Investment Advisors
- Notice to Registered Investment Advisors
- Retiree KY State Tax Information
- Retirement Plan Booklet