Retirement Plans Much of what we do at the American Red Cross deals with saving. Employees individually direct the investment of their salary deferral and the matching funds into up to eleven investment options. Savings Plan offers immediate eligibility and immediate vesting of Company funds. Pension Plan ARC's Retirement System benefits are provided at no cost to employees. Interest is earned and credited annually.
Benefits become fully vested after a period of five years.
Several levels of coverage are available. Flexible Spending Account ARC offers eligible employees the option of a Dependent Care Reimbursement Account. This account allows employees to set aside money before taxes to pay for day care expenses for eligible dependents. Additional Benefits ARC offers a number of other benefits that help employees in a personal way. Tuition Assistance Program ARC employees can apply for tuition reimbursement following one year of service.