This article is reprinted from the CUPA-HR News (vol. 28, no. 13, June 25, 2001) with permission from the College and University Professional Association for Human Resources.
The Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA), signed into law on June 7, includes a substantial array of reforms related to retirement savings&en;66 separate provisions in all. The benefits of these reforms to academic faculty and staff will improve over the 10-year life of the law, as contribution limits and other ceilings increase. The retirement plan provisions described in this article are scheduled to go into effect on or after January 1, 2002.
