The YMCA Retirement Fund recently adjusted the annuity formula for contributions starting July 1, 2021. This page is designed to help you understand the adjustment and how it may impact your future retirement offering. Watch the video below to ﬁnd out more.
Please note that the Annuity Estimate calculator
will not reflect the retirement offering adjustment until July 1, 2021.
Starting July 1, 2021, the Retirement Plan’s annuity conversion rate will be adjusted to 3 percent. This change only impacts plan participants’ contributions and interest starting July 1, 2021. All money accumulated through June 30, 2021 continues to be annuitized at the previous conversion rate.
The YMCA Retirement Fund remains one of the most generous retirement income beneﬁts plans available in the marketplace. Whether you’re a new employee, a retiree, or you’re currently participating in the plan, your financial security in retirement is our core priority.
In close partnership, Fund management recommended and the Board of Trustees approved an adjustment to the retirement offering to meet the challenges of a changing world. This adjustment helps ensure the Fund can continue to provide the best benefit in the most responsible way for the long term.
The Retirement Plan and the Tax-Deferred Savings Plan are evolving but our commitment to your ﬁnancial security hasn’t changed. And the Fund continues to provide competitive beneﬁts that other retirement income plans don’t.
The YMCA Retirement Fund Board of Trustees approved the adjustment to the retirement offering to meet the challenges of a changing world. Click below to hear from our board members.
Frequently Asked Questions
Cathi Duchon: "Especially now with uncertain times, the one thing I can be certain about is the Y Retirement Fund.
Lowell Overby: "Our YMCA Retirement Fund today is as important as life is every day.