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.
As of July 2019, those caregivers include Individual Providers who contract through the State of Washington, and caregivers who work at Addus HomeCare, Amicable HealthCare, Catholic Community Services, Chesterfield Services, Concerned Citizens, First Choice In-Home Care, Full Life Care, Korean Women’s Association, Millennia and ResCare Human Services a.k.a. BrightSpring and All Ways Caring.
Those eligible caregivers will automatically be enrolled in the plan after meeting the 6-month participation services requirement. 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 multi-employer retirement plan subject to a federal law called the Employee Retirement Income Security Act (ERISA). Your participation does not prevent you from collecting Social Security.
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 starting July 2020 will either remain at $0.50 per qualifying hour or increase to $0.80 per qualifying hour depending on the total hours worked with your employer. 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 the Secure Retirement Plan and need an interpreter, please contact our Administrative Office at 1-800-726-8303, 5 a.m. to 6 p.m. Pacific Time, Monday – Friday. You will be greeted by a representative in English who will connect you with someone who speaks your preferred language.
