Employees participating in the Cash Balance Account (CBA) have a choice to continue participating in the CBA or switch to the new Company Retirement Contribution (CRC) of 6% to the Savings Plan effective Jan. 1, 2019. The one-time choice period is from Oct. 1 to Nov. 9, 2018. Because the CRC is deposited into your Savings Plan account at Vanguard, you determine how to invest your retirement dollars and may be able to earn higher returns than what you earn in the CBA.
Read the guide and attend an employee meeting
View your information in the modeling tool
The online modeling tool is available to help you determine which retirement option is best for you. The modeling tool allows you to generate a retirement projection by using assumptions that match your personal situation. You can call 866-731-7453 with questions.
Make your choice by Nov. 9, 2018
You can make your choice through Your Benefits Resources or by calling 866-731-7453. You must make your choice by Nov. 9, 2018 11:59 p.m. Central time. If you do not make a choice, you will remain in the CBA.