Resource Center

FAQs

Find answers to your most common questions in one central location.

 

Plan Participants

 
What is a church pension plan?
 
How is the YMCA Retirement Fund different from other retirement plans?
 
Is the money in the Fund insured by the federal government?
 
Is money saved in the Fund safe?
 
Who reviews the Fund's operation?
 
Historically, what has been the average interest rate credited to Fund accounts?
 
What is the interest rate for 2018?
 
What is the interest rate for 2017?
 
What are the benefits of the Fund?
 
What is the total and permanent disability benefit and how does one qualify for it?
 
Why is it important to designate a beneficiary?
 
What happens if a retiree does not designate a beneficiary?
 
How does a participant change their beneficiary?
 
What happens if a participant dies while still working for a Y?
 
Who can be named as a beneficiary?
 
If the primary beneficiary predeceases the participant, who will receive the death benefit?
 
If a participant has accounts in the Retirement Plan and Saving Plan, can they designate different beneficiaries for each plan?
 
Is enrollment in the Retirement Plan optional?
 
Can a former Y employee who took a withdrawal from the Fund return to work at a Y?
 
Can a participant contribute money that is not from their Y paycheck?
 
Are there limits on the amounts a participant can save for retirement?
 
Are annuities guaranteed?
 
If a participant stops working for the Y, is it possible to postpone the start of annuity payments?
 
Can a retiree who is receiving an annuity from the Fund, or who has received a lump-sum distribution, return to work at a Y?
 
What is the process for a Qualified Domestic Relations Order (QDRO)?
 

Retirees

 
How is the YMCA Retirement Fund different from other retirement plans?
 
Is the money in the Fund insured by the federal government?
 
Who reviews the Fund's operation?
 
What happens if a retiree does not designate a beneficiary?
 
How does a participant change their beneficiary?
 
Who can be named as a beneficiary?
 
If the primary beneficiary predeceases the participant, who will receive the death benefit?
 
If a participant has accounts in the Retirement Plan and Saving Plan, can they designate different beneficiaries for each plan?
 
Can a former Y employee who took a withdrawal from the Fund return to work at a Y?
 
Are annuities guaranteed?
 
Can a retiree who is receiving an annuity from the Fund, or who has received a lump-sum distribution, return to work at a Y?
 

New to the YMCA

 
What is a church pension plan?
 
How is the YMCA Retirement Fund different from other retirement plans?
 
Is the money in the Fund insured by the federal government?
 
Is money saved in the Fund safe?
 
Historically, what has been the average interest rate credited to Fund accounts?
 
What is the interest rate for 2018?
 
What is the interest rate for 2017?
 
What are the benefits of the Fund?
 
Is enrollment in the Retirement Plan optional?
 
What if an employee moves from one Y to another, or works at multiple Ys?
 
What if an employee believes they have achieved eligibility, but the Y did not enroll them in the Retirement Plan?
 
Can a former Y employee who took a withdrawal from the Fund return to work at a Y?
 
Can a participant contribute money that is not from their Y paycheck?
 

YMCA Plan Administrators

 
What is a church pension plan?
 
How is the YMCA Retirement Fund different from other retirement plans?
 
Is the money in the Fund insured by the federal government?
 
Is money saved in the Fund safe?
 
What is ERISA and does the YMCA Retirement Plan follow the ERISA rules?
 
Historically, what has been the average interest rate credited to Fund accounts?
 
What is the interest rate for 2018?
 
What is the interest rate for 2017?
 
What are the benefits of the Fund?
 
What is the total and permanent disability benefit and how does one qualify for it?
 
Why is it important to designate a beneficiary?
 
What happens if a retiree does not designate a beneficiary?
 
How does a participant change their beneficiary?
 
What happens if a participant dies while still working for a Y?
 
Who can be named as a beneficiary?
 
If a participant has accounts in the Retirement Plan and Saving Plan, can they designate different beneficiaries for each plan?
 
Is enrollment in the Retirement Plan optional?
 
What if an employee moves from one Y to another, or works at multiple Ys?
 
What if an employee believes they have achieved eligibility, but the Y did not enroll them in the Retirement Plan?
 
Can a former Y employee who took a withdrawal from the Fund return to work at a Y?
 
Can a participant contribute money that is not from their Y paycheck?
 
Are there limits on the amounts a participant can save for retirement?
 
Can a retiree who is receiving an annuity from the Fund, or who has received a lump-sum distribution, return to work at a Y?
 

YMCA Leaders

 
What is a church pension plan?
 
How is the YMCA Retirement Fund different from other retirement plans?
 
Is the money in the Fund insured by the federal government?
 
Is money saved in the Fund safe?
 
What is ERISA and does the YMCA Retirement Plan follow the ERISA rules?
 
Historically, what has been the average interest rate credited to Fund accounts?
 
What is the interest rate for 2018?
 
What is the interest rate for 2017?
 
What are the benefits of the Fund?
 
Is enrollment in the Retirement Plan optional?