You may roll over contributions from a qualified plan of a former employer. The company may also make an annual discretionary contribution, based on company profits. You are immediately 100 percent vested in all contributions, including those you make and those the company contributes to your account, even if you leave the company. You may invest your savings among 13 different options that include both equity and bond funds. Accounts are valued daily.
Employees earn a retirement plan benefit in a cash balance account.
Kemper allocates pay and interest credits to this account each quarter. The basic benefit pays you 60 percent of your gross salary. However, depending upon length of service, a portion of that 13 weeks will be paid at 100 percent of your salary. You can receive 80 percent reimbursement for tuition and books if you make a passing grade. In addition, as a Kemper employee, several other services are available to you.