The University of Texas at Tyler Employee Handbook

DEFERRED COMPENSATION

All employees are eligible to participate in the Deferred Compensation Program. This program allows an employee to tax-defer a portion of income, but it is primarily a RETIREMENT program. As such, it is not as flexible in some ways as a tax sheltered annuity. That is, withdrawal of funds prior to retirement is in most cases prohibited. However, the plan does allow investment in life insurance and mutual funds as well as in fixed and variable annuities. Detailed information about this program is available in Human Resources.