The YMCA Retirement Fund is one of the best retirement benefits available, rewarding a career of service to the Y with the promise of lifetime income in retirement. In order to deliver on that promise, the YMCA Retirement Fund’s Board of Trustees regularly meets to review the Fund’s interest credit and annuity conversion rates. We are pleased to share that on May 19th, the Board of Trustees voted to approve the continuation of the current interest credits that are in place on Fund account balances for the upcoming fiscal year (July 1, 2022 – June 30, 2023). In addition, the Board approved the continuation of the current annuity conversion rate at 3% on all interest and contributions accumulated from July 1, 2021 – June 30, 2023. What does this announcement mean to YOU? You do not need to take any action. This announcement simply means that your account balances will continue to receive the same interest credits that they have for the last year. Contributions starting July 1, 2021 and interest earned on those contributions will continue to receive a 4 percent interest credit rate for the period July 1, 2022 – June 30, 2023. Balances accrued through contributions and interest between January 1, 1996 – June 30, 2021 will continue to receive interest credits at a rate of 3 percent. Throughout the Fund’s 100 years serving the YMCA community, account balances have never gone down and the Fund has never missed a retirement payment, despite market volatility. We are committed to maintaining this track record of success and decisions like these help ensure the continued security and safety of the Fund. For any questions, please Live Chat or call the Fund’s Customer Service Department at 800-RET-YMCA (800-738-9622), Monday through Friday, 9:00am to 5:00pm ET and someone would be happy to assist. May 19, 2022