What is being adjusted?

Independent expert analysis commissioned by the Board and the Fund revealed that the same economic and demographic trends that are affecting public pension plans today – including lower interest rates and longer life spans – will eventually impact the YMCA Retirement Fund if the retirement offering is not adjusted. With this in mind, the Plan’s annuity conversion rate on future contributions is decreasing to 3 percent, but it is still considerably higher than most other retirement plans.

At the same time, the June 30, 2021 balance of your post-1995 contributions and interest will receive an increased interest credit rate of 3 percent for the one-year period that begins July 1, 2021. Contributions to the plans after June 30, 2021 will receive a 4 percent interest credit rate for that one-year period.

With these adjustments, the Fund is better positioned to continue to deliver attractive retirement benefits for both current and future generations.

Watch the video below to find out more.


Contribution Date 7/1/2021- 6/30/2022
Credit Rate
7/1/2021- 6/30/2022
Conversion Rate
Pre-1996 5% 8%
1996 – 6/30/2021* 3% 7%
Post 6/30/2021 4% 3%


* Interest credits post 6/30/2021 will accumulate at 3% but will convert at the post 6/30/2021 annuity conversion rate.

  • All of your pre-1996 existing balances will continue to receive an annual interest credit of 5%.
  • All of your post-1995 existing balances as of June 30, 2021 will receive an annual interest credit of 3% effective July 1, 2021 through June 30, 2022.
  • All post-1995 existing balances as of June 30, 2021 will convert at the annuity conversion rate of 7%; the adjustment to the 3% annuity conversion rate only impacts future contributions and interest accumulated after June 30, 2021.
  • All of the new money that’s contributed to your account(s) effective July 1, 2021 will receive an annual interest credit of 4% (both the 401(a) Retirement Plan and the Tax-Deferred Savings Plan) through June 30, 2022. The target in subsequent years will be to maintain an interest credit rate that is above market.
  • When you’re ready to retire and start collecting your lifetime monthly check, the balances on the new money – the contributions made on or after July 1, 2021 and all interest credited on post-1995 existing balances as of June 30, 2021 – will have an annuity conversation rate of 3%.