The YMCA Retirement Fund is an irreplaceable benefitRetirement benefits are a very important component of total compensation to non-profit professionals, off-setting lower wages while supporting dedicated employees and their families into the future. The YMCA has been a leader in providing retirement benefits for nearly 100 years. The Fund’s benefits encourage retention at YMCAs all across the U.S. Virtually all Ys across the country participate in the Fund, allowing employees the opportunity to save for a comfortable retirement at the end of a career of service to the Y. PARTICIPATION BENEFITS Makes saving easy and is a retirement benefit for a low- to moderate-income workforce (85% earn $50K or less) Helps Ys recruit and retain top talent Offers tax-deferred saving for Y employees A SAFE PLACE TO SAVE Account balances have never gone down Account balances are credited with daily compound interest Balanced portfolio designed to protect against market volatility and mitigate risk DEPENDABLE INCOME FOR LIFE A lifetime annuity for retirees Monthly annuity payments have never been missed An annuity conversion rate typically higher than the market rate CONTRIBUTION RATES MATTER Experts recommend employees save 15% of their annual salary throughout their career to replace 85% of their final year’s salary. At the 12% contribution rate, an employee is close to reaching the recommended savings target. Those who have a lower contribution rate from their Y would have to dedicate a significant amount of additional voluntary savings in order to reach the 15% savings target, which is often challenging.