Welcoming New Hires

Here are a few paragraphs about the YMCA Retirement Fund to serve as a guide for inclusion in your employee handbook, personnel policy manual, or other handout to new employees:

Welcome New Employee!

As an employee of _____________________ (YMCA), you can build your savings with the YMCA Retirement Fund.

Start today by opening and saving with the Fund’s 403(b) Smart Account. This account is available to every employee of our YMCA, regardless of age or hours worked. The more money you save in a 403(b) Smart Account, the lower your taxable salary, the less tax you pay, and the faster your savings will grow. You can also roll over money from eligible employer plans or IRAs into a Rollover Account.

Once you meet eligibility requirements, our YMCA will enroll you in the Retirement Plan. The Plan provides retirement and other benefits for YMCA employees and their designated beneficiaries. All of the staff at our YMCA become eligible to participate in the Plan when they are age 21 or older and have completed 1,000 hours of service within each of any 2 years, beginning with their date of hire. These two years are not required to be consecutive.

A more detailed description of the Eligibility and Enrollment rules can be found on the YMCA Retirement Fund’s website: http://www.yretirement.org.

Terms of this YMCA’s Participation in the Retirement Plan

Contributions to your accounts are based on your compensation.
As of _______________ (dd/mm/yyyy), our YMCA participates in the Retirement Plan as follows:

YMCA's Contributions:	______ %
+ Your Contributions:	______ %

Total Contributions	______ %	(Total must be 8%, 9%, 10%, 11%, or 12%)

The YMCA reserves the right to amend its participation in the Plan at any time within the terms and conditions set by the YMCA, the Plan and the YMCA Retirement Fund.