Dear Felix
We are pleased to announce three saving plan options for all full-time employees. The following are available through payroll deduction: l) Any amount up to 17% of your salary may be automatically deposited in a tax sheltered annuity, 2) U.S. Savings Bonds may be purchased, and 3) deposits may be made into a supplemental retirement fund.
If you participate in option 1, the company will contribute an amount equal to 3% of your salary into the supplemental retirement fund.
Complete information and enrollment forms will be included with April 1 paychecks. Personnel in the Benefits Office can answer your questions.
Regards
Lydia