At the YWCA Retirement Fund, we reward a career of service to the YWCA. That’s because our 40% match goes only to those who are currently employed within the movement, while interest is applied to everyone.
To see the difference this unique feature of the Fund can make to your retirement growth, meet Rose. She’s our fictional participant who is about to put her feet up after a long YWCA career and 40 years in the Fund.
Building Security
Rose began working for the YWCA when she was 23 and stayed for her entire career. Let’s assume:
* Her starting compensation was $25K.
* She received a 3% annual compensation increase.
* Her association contributed 7.5% monthly to her retirement account.
* The Fund contributed an additional 3% (40% match).
* The Fund paid an annual interest rate of 3% (the past 20-year average).
* Rose retires at age 65.
Based on the above, Rose's final annual compensation was $79,176 and her final YWCARF account balance was $333,037. Here’s how that grew over time, without any additional contributions from Rose.
While Rose chose not to contribute optional after-tax contributions to her retirement account, you may choose to increase your future benefit by making additional payments.
To find out what your future benefit could be, try our Retirement Estimator Tool.
