PENSION
Resources
Southwest Retirement and Cash Balance Plan
The Southwest Retirement and Cash Balance Plan is a cash balance defined benefit plan that covers employees of the Southwest Community Health System who were employed prior to December 31, 2015. Effective December 31, 2015, the Plan was amended such that any additional benefit accruals were ceased and benefit accruals as of December 31, 2015 were frozen.
Prior to December 31, 2015, an eligible employee became a participant in the Plan upon completing one year of eligible service and attaining age twenty-one. Participants vested in the Plan after completing three years of credited service or five years of credited service for participants entering the Plan prior to January 1, 2009. No eligibility years or years of service have been credited on or after January 1, 2016.
QUESTIONS?
If you have any additional questions let us know.
Darrel Castricone, Benefits and Compensation Manager
440.816.8033
[email protected]
