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by the Employee Benefits Office in the same manner as the
voluntary TIAA/CREF investments. University administration
reserves the right to review the performance of these voluntary
vehicles periodically to insure it is in the employees' best
interest that they continue to be offered. University
administration will be vested with the authority to establish
reasonable operating rules, such as prescribing minimum levels of
employee participation. The development of procedures and systems
to permit implementation will require some time, and the new
alternatives cannot be implemented until such procedures and
systems are developed.










































Action taken:  Approved    X      Disapproved           Other _



Date:    May 3



, 1983