Secure Retirement Basics

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

2. The amount contributed on your behalf is determined by the Collective Bargaining Agreement between your employer(s) and SEIU 775.

3. Your retirement plan is NOT a government-sponsored pension plan. Your participation does not prevent you from taking a Social Security benefit.

4. Your plan only accepts employer contributions. You cannot contribute to the plan at this time. You may wish to increase your retirement savings by contributing to another savings vehicle such as an IRA (Individual Retirement Account) or a Roth IRA (a post-tax income account).

Notice of Establishment of SEIU 775 Secure Retirement Plan

SEIU Secure Retirement Plan Effective March 1 2016

SEIU 775 Secure Retirement Plan  Summary Plan Description
(Effective March 2016)

Secure Retirement

SECURE RETIREMENT TIMELINE
7/1/2015 - SEIU 775 successfully bargains for retirement benefit
3/1/2016 - Secure Retirement Trust effective and contributions received
2/24/2017 - Plan Design Complete and Plan Document Approved
6/30/2017 - Began mailing Summary Plan Documents to participants
December 2017 - Statements mailed for plan year ending 2/28/17
Coming in 2018 - Access to online participant balance and vesting information

IMPORTANT NOTE ABOUT QUALIFYING HOURS
Work 300 hours in the 2017-2018 plan year to obtain a qualifying year of service!