Pre-tax Benefit Plan - continued

You may choose to participate

• within 31 days of your date of hire,

• during Open Enrollment in October, or

• within 60 days of a change in family status, which is called a qualifying event.

Otherwise, during the plan year, which runs January through December, you may not change the amount of the monthly deductions.

Since the plan reduces reportable taxable income, you may incur a reduced Social Security benefit at the time of retirement. The extent of this reduction depends on both the length of time under the Pre-tax Benefit plan and the total amount of tax reductions.

Please read the Mississippi State University Cafeteria Plan Summary Plan Description.