STUDENT EMPLOYEE RETIREMENT PLAN (SERP)
Requirements for Exemption
Undergraduate students
An officially admitted student enrolled at least half-time during that particular assessment period (6 RI credits each semester for the academic year/3 RI credits for summer).
Graduate students
An officially admitted student enrolled at least half-time during that particular assessment period (5 RI credits each semester for the academic year/3 RI credits for summer).
Students must be registered by the census date for each term in order to be exempt.
A list of students who will have SERP/Medicare withheld will be available through the Oracle HR/Payroll system to employers each term. Affected students must complete a TIAA/CREF application and will have a total of 8.95% (7.5% SERP and 1.45% Medicare) withheld from gross earnings for each pay period worked.
