Did you know that Texas Children’s is contributing to your retirement right now?
Unlike many other organizations, Texas Children’s offers employees both a fully funded Cash Balance Pension Plan and a 403 (b) plan with match dollars. The organization recently posted its 2014 deposit into the Cash Balance Pension Plan, which Texas Children’s pays the full cost of and you are automatically enrolled in on April 1 or October 1 once you reach 21 years old and have worked 1,000 hours or more during the 12 consecutive months after your initial date of hire.
To see how much your Cash Balance Pension Plan has grown, log in to Mercer’s website at www.ibenefitcenter.com. The website has useful tools that allow you to view your balance, estimate your future pension balance and verify/update your beneficiary information.
To learn more about the Cash Balance Pension Plan, click here to view the summary plan description or call the Texas Children’s Hospital Pension Plan Support Team at 800-752-8230 between 8 a.m. and 5 p.m. Monday through Friday.
In addition to the Cash Balance Pension Plan, Texas Children’s offers a 403 (b) plan. If you are not already enrolled in the plan, you should consider doing so. You don’t want to miss out on Texas Children’s 50 percent match of the first 6 percent of your pre-tax per paycheck contribution. You can enroll anytime by contacting Fidelity at 800-343-0860 or online at www.fidelity.com/atwork.
It is never too early to start saving for retirement. The Texas Children’s benefits team encourages you to take advantage of all the retirement benefits our organization offers.
“Investing in our people with competitive retirement and other benefits helps Texas Children’s attract, support and retain top talent like you,” said Jim Cuva, assistant director of Human Resources. “That’s why we are committed to your financial well-being.”