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     Presidents, Deans, Professors, Associate Professors, Assistant Professors,
     Instructors, Lecturers, the Hospital Administrator, Directors of research
     and professional units of the University. and others as hereafter designated
     by the Board of Trustees. This plan does not apply to employees in Uni-
     versity positions covered by the Un 4ted States Civil Service or other Federal
     retirement programs other than Social Security,

     Participation of eligible staff members employed prior to July 1, 1964,
     shall be as follows:

         (a) If the employee has not attained his fifty-sixth birthday
            prior to July 1, 1964 -a mandatory at the completion of
            1 year of service and attainment of age 30, but with no
            right of participation prior to meeting these requirements.

         (b) If the employee has attained his fifty-sixth birthday prior to
            July 1, 1964 -- voluntary at the completion of I year of service,

    Participation of eligible staff members employed on or after July 1, 1964
    shall be mandatory at the completion of 1 year of service and attainment of
    age 30, but with no right of participation prior to meeting these requirements.
    The preliminary service period will be waived for an employee otherwise
    eligible who already owns a retirement annuity contract issued by Teachers
    Insurance and Annuity Association.

IV. Group I Contributions  Contributions to the retirement plan for Group I
    employees shall be made in accordance with the following schedule:



                                                Contributions as Percent of
                                                   Basic Annual Salary

                                                By the       By the
                                             Participant  Institution   Total
    OnrAmount of Salary Subject to
    Social Security (FICA) Tax               3%              7%          10%

    On Salary above Amount Subject to
    Social Security (FICA) Tax               5%              10%         15%

The University of Kentucky shall deduct the contributions of the participant from
regular salary payments, add its own contributions, and apply the combined sum
to the purchase of retirement benefits for the participant as follows:

        (a) At the election of the participant, either 100 percent, 75 percent,
            66 2/3 percent, or 50 percent of such combined sum will be forwardedto
            Teachers Insurance and Annuity Association as a premium for a TIAA
            retirement annuity contract on the partic:.pant's life,