TIAA AND CREF ACCOUNTS

TIAA and CREF accounts are an important part of a big retirement picture. Employee savings in TIAA-CREF plans fund retirement annuities for employees of colleges, universities, nonprofit research organizations, independent schools, and related organizations. TIAA and CREF annuities are portable -- a feature that lets participants remain within the TIAA-CREF retirement system if they change employers among any of about 15,000 participating institutions.

As an eligible employee, you can begin securing your financial future by participating in the DMBA Thrift Plan. You may contribute a percentage of your gross income each pay period on a before-tax or after-tax basis. Brigham Young University will make a matching contribution of up to 4% into your account.

ELIGIBILITY

You are eligible to begin participating in the Thrift Plan on your hire date if you are:

The Deseret Mutual Master Retirement Plan is completely funded by Brigham Young University and is designed to enhance your retirement income when it is combined with other programs, such as Social Security and personal savings. At retirement, benefits are calculated based on your salary, years of service, age and vesting credit.

(available for credit courses only)

EMPLOYEES

Employees are permitted to take six credit hours for fall and winter semesters and a total of six credit hours during spring and summer terms; not to exceed four in a term.

An employee must be hired before the add/drop deadline in order to be eligible for a tuition benefit for the semester. Additionally, each employee must be admitted to the University and registered for classes before the tuition benefit will apply.

Brigham Young University provides a number of benefit programs for regular full-time faculty, staff, and administrative personnel. Included among them are the programs in the following brief overview:

CORE PLANS

A five-part core package of insurance plans offered through Deseret Mutual Benefit Administrators (DMBA) is available for personnel, their spouses and dependent children (single and under age 26). The university pays a substantial portion of the premium. The exact amount varies with the plan selected. The plan includes coverage in the following areas:

2008 Plan Benefit Year

SUBJECT: Benefits for BYU Personnel, Spouses and Dependents

Thank you for your interest in Brigham Young University.

Provided here are brief descriptions of benefit programs offered to full-time personnel, spouses and dependent children.

If you have questions about the programs, you are invited to contact BYU Benefits Services by telephone at (801) 422-4716 or by e-mail at benefits@byu.edu. Any member of our staff will be happy to assist you.