Secure Retirement Plan

SEIU 775 Secure Retirement Plan is the first of its kind in the nation for home care workers. It was created to help provide you with additional financial security when you retire.

The Secure Retirement Plan is available to caregivers whose employer contributes to the retirement fund. Those eligible caregivers will automatically be enrolled in the plan. Upon retirement, participants in the plan can begin receiving a retirement benefit.

More About the Plan

Type of Plan

Your retirement plan is NOT a government pension plan. It is a multiemployer retirement plan subject to a federal law called “ERISA”. Your participation does not prevent you from taking a Social Security benefit.

Employer Contribution

The amount contributed by your employer(s) is determined by the Collective Bargaining Agreement between your employer(s) and SEIU 775. The amount being contributed increased to $.50/qualifying hour in July 2018. Contributions are not taxed at the time they are made to the plan. Your plan only accepts employer contributions; you cannot contribute directly to the plan at this time.

Your Retirement Benefit

Contributions to your account are subject to the terms of the plan and federal tax laws. Your retirement benefit is based on your account balance in the plan at retirement. In addition to employer contributions, your account receives a share of investment gains and is reduced by investment losses, if any, as well as administrative expenses of operating the plan.

Answers to common questions about the Secure Retirement Plan and what it means for you.

If you have questions about your statement or the plan itself, please contact our Administrative Office at 1-866-770-1917 and select option 3, 8 a.m. to 5 p.m. Pacific Time, Monday-Friday. 

Read the Summary Plan Description for the Secure Retirement Plan.

Access the Summary Plan Report, the Notice of Establishment and more.

Resources for tax preparation and planning.
Learn more about Social Security and what it means for you.

Secure Retirement

SECURE RETIREMENT TIMELINE
Coming in 2019 - Access to online participant balance and vesting information
December 2018 - Statements mailed for plan year ending 2/28/18
July 2018 - SEIU 775 successfully bargains for retirement contributions equal to $0.50/qualifying hour
February 2018 - Summary Annual Report mailed for plan year ending 2/28/17
December 2017 - Statements mailed for plan year ending 2/28/17
July 2017 - SEIU 775 successfully bargains for retirement contributions equal to $0.25/qualifying hour
June 2017 - Existing participants mailed a Summary Plan Document
February 2017 - Initial Plan Design Complete and Plan Document Approved
March 2016 - Secure Retirement Plan goes into effect and begins receiving contributions for hours worked since July 1, 2015
July 2015 - SEIU 775 successfully bargains for retirement contributions equal to $0.23/qualifying hour

IMPORTANT NOTE ABOUT QUALIFYING HOURS
Work 300 hours in the 2018-2019 plan year to obtain a qualifying year of service!