RETIREMENT FUND
As part of the commitment to the employees of the YMCA, we are proud to offer a plan that will help you save and prepare for your retirement. The YMCA provides you the opportunity of participating in one of the largest pension plans in America.
The YMCA will enroll you in the Retirement Fund after you become eligible to participate. You are eligible to participate when you are age 21 or older and have worked for two years and have completed 1,000 hours of employment within each of those or any two years.
The YMCA of Metro Denver contributes 9.6% of your monthly salary. The YMCA Retirement Fund is a great way to save for the future, whether you choose the YMCA as a career or for a shorter time.
Active participants can make additional contributions to the Fund, which provides increased benefits at retirement. Additional contributions to the fund may be made on either a after-tax basis or a tax-deferred basis. If you are interested in making additional contributions please contact Human Resources.
Click on the link above to check your fund balance and additional information or call 1-800-RET-YMCA.
Participation Requirements:
- Worked for two years and have completed 1,000 hours of employment within each of those or any two years.
- You must be 21 years of age.
The 9.6% Monthly Contribution is Two Parts:
- 5.6% Association Contribution—this money is fully vested after 2 years of service with the YMCA.
- 4% Participant Contribution—this money is yours no matter how long you stay with the YMCA.
2006
2005 (7-1-05 to 12-31-05)
2005 (1-1-05 to 6-30-05)
2004
2003 & 2002
2001 & 2000
1999
1997 & 1998
1996
1995
1994
1993
1992-1982
1981
1980
1979
1976-1978
12% (through June 30, 2006)
7%
12%
6%
5%
10%
12.4%
10.7%
8.1%
5.0%
9.7%
10.5%
14%
12%
10%
9.5%
8.5%
The annualized interest credits are determined every six months by the Fund's Board of Trustees, and credited monthly to your accounts. Interest for the last 6 years has average an 8% return.
You will receive an annual statement in July of each year that details your account balance, interest credit and vesting information.
Additional Benefits:
- Death Benefits: After one year in the plan you will be covered by a death benefit. The amount of this benefit is based on the Participant Contributions (4%) made to your account during the last 12 month period prior to death multiplied by 10. If you have participated in the Plan for 60 months or more it is based on those contributions multiplied by 20.
- Disability Benefits: The fund also provides disability benefits for participants who become totally and permanently disabled while employed and have at least 60 months of paid contributions.
For more information contact:
Steve Homburger
Assoc. VP of Human Resources
Tel: 720-524-2715
Email: hr@denverymca.org
