We would like to remind YWCA Retirement Fund participants that our plan is built to withstand short-term volatility.
It is understandable that the recent state of the US and global economic markets might cause fear and concern for most Americans, especially those of us with retirement savings we will be counting on. I believe that this is a good time to remind YWCA Retirement Fund participants that our plan is built to withstand short-term volatility; our investment policy is designed for the long term and is sufficiently diversified to handle such stormy weather. Regardless of market performance, participants still receive monthly interest at the rate declared for the year, and retirees continue to receive monthly annuities uninterrupted. Most importantly, Fund account balances do not go down, regardless of market downturns.
I want to assure you that YWCA Retirement Fund Management, Trustees, and investment partners are keeping a close eye on the current markets and their impact on our portfolio. We are 100 years strong and have weathered numerous historic market storms; we remain confident that we will ride out this one with the same care and professionalism you have come to expect from us.
Thank you for your service to the YWCA and continued confidence in your YWCA Retirement Fund.
With regards,
Elliott Buchholz
CEO