The Foundation offers a defined contribution pension plan on behalf of each employee based on years of service. The contribution rate increases with years of service as defined by the chart below. Employees may select from a variety of funds in which to invest their contributions. The cost is paid by the Foundation. There is a one-year waiting period for participation in the plan.
Employees are eligible the first day of the month following completion of one-year service.
Investment options and loans are available. Employees are eligible during open enrollment 4 times per year on January 1st, April 1st, July 1st, and October 1st. Our plan permits only employee contributions. You will be asked to sign an agreement, indicating the amount you want to save. Enrollment is anytime during the year.