How does this affect me?

No matter where you are in your Y career, we’re at your side to help you – and future generations of Y employees – achieve the secure, comfortable retirement you deserve. Your retirement benefits remain safe, secure, and among the most generous solutions within the retirement income marketplace that can help you achieve financial security in retirement.

If you are a plan participant: all contributions made to your account prior to July 1, 2021 will receive the current applicable annuity conversion rate; contributions made starting July 1, 2021 will receive a 3% annuity conversion rate. Participation in the Fund’s plans remains one of the best retirement solutions that can help you achieve financial security. And you’ll continue to be able to manage your savings, set your retirement goals, and plan for your future.

If you’re a retiree: nothing about the annuity that you are receiving will change. You will continue to receive the same monthly payments as you have been, with the peace of mind that comes from knowing your future earnings are secure.

If you are a new employee: the YMCA Retirement Fund is here as your partner in saving and planning for retirement. Your benefits at retirement will be determined by the amount contributed to your accounts during your Y career, plus the interest credited to these accounts. The important thing is to start saving now, so your money has time to grow!

Watch the video below to find out more.

Hypothetical example for illustration purposes only. Not actual numbers. Based on expected long term results. Please log into the annuity estimate calculator to see how your retirement benefit may be impacted.