Preparing for Retirement
The Mission Health retirement plan offers a great way to start building your retirement nest egg now. The 401(k) tax-qualified retirement plan makes it easy through pre-tax contributions (or post-tax Roth contributions) that are deducted from your paycheck. Even better, Mission will match certain amounts for eligible employees – those who are a 0.5 or greater FTE status and have completed 12 months of service (minimum 1,000 hours).
You are eligible to participate immediately, with no waiting period. If you don’t enroll, you’ll be automatically enrolled with a 2% pre-tax salary deferral. You become 100 percent vested in the plan after three calendar years with at least 1,000 hours in each year, and you are always 100 percent vested in your own contributions.
To access your Transamerica retirement account, learn more about maximizing your retirement savings, name your beneficiary and more go to mission.trsretire.com, or call 1 (800) 755-5801.
Ease into what’s next for your life while staying engaged at Mission.
If you are age 60 or over, have worked a minimum of five consecutive years in a full-time status with Mission Health, and are in good work standing, the Phased Retirement program may be for you.
This benefit provides qualified employees the ability to continue working on a reduced-schedule or part-time basis, but with lower premium rates for your health and dental benefits for up to five years.