Participation in the Plan is open to:

• All eligible employees, non-student employees. 

• Full-time employees who have not yet been enrolled in the Teacher's Retirement System of Texas.

The Plan does not allow participation by employees who are:

• Highly compensated employees

• Participants in the Central Texas College Employees' Pension Plan and Trust, members of the Teacher Retirement System of Texas, Employees of the Employer who are students under the Employer's Title IV Financial Aid College Work Study Program of the Employer and who are enrolled in and are regularly attending classes under the provision of IRC Section 312(b)(10).

You may join on the first day of employment.

• As an employee, you must make mandatory after-tax contributions equal to 3.75% of your eligible pay.

• Central Texas College will also make mandatory contributions equal to 3.75% of your compensation (pre-tax).

Vesting refers to your "ownership" of a benefit from the Plan. You are always 100% vested in your employee contributions, plus any earnings they generate. Employer contributions to the Plan, plus any earnings they generate, are fully and immediately vested.

You decide how to invest your Plan accounts, selecting from investment choices provided under the Plan, as determined by Central Texas College District.

You may change your investment choices at any time.

• Severance from employment

• Retirement at the Plan's Normal Retirement Age of 65.

• Death

• Disability

Please note, income taxes are payable upon withdrawal and federal restrictions and a 10% tax penalty may apply to early withdrawals prior to age 59½. Be sure to talk with your tax advisor before withdrawing any money from your Plan account.

• You will receive a personalized account statement quarterly that shows your account balance as well as any contributions and earnings credited to your account during the reporting period.

• You will also be able to view and print the welcome letter, plan highlights, planning guide, fund fact sheets and forms by accessing ePrint from this Web site.

• In addition, you will have access to the following systems which are designed to give you current information about your Plan account:

   o VALIC's Voice Response telephone access at 1.800.448.2542

   o VALIC Online, an online account maintenance system. You may also access this system under the 'Account Access' tab within this Web site.

You will receive additional information on how to use the Voice Response system and Internet access.

• You have been automatically enrolled in your VALIC pension account. Your funds have been placed in a "default" investment allocation chosen by VALIC's investment consultants and the Central Texas College Employees' Pension Plan Trust Committee. You do not need to take any action, unless you want to change your investment allocation. If you do wish to change your investment allocation, contact your financial advisor at 254.526.1417 or by email at Pension.Plan@ctcd.edu.