The UUA Retirement Plan is undergoing dramatic changes, which are proposed to go into effect January 1, 2014. Eligibility rules are proposed to allow more church employees to be covered by eliminating the first year waiting period, as well as the one-half time minimum employment standard. Employees will be able to use hours accumulated from all eligible employers — that is, use employment records from different churches for example. Finally, employer (church) minimum contribution requirements would be reduced under the suggested changes. The UUA has sent letters to all congregations and an Executive Summary of the proposed changes is available on the UUA website. Church leaders and all those affected by the proposed changes have an opportunity to comment prior to June 12. Our PNWD Compensation Consultant, Peter Henrickson, can help you track down answers to your questions. Contact Peter at: email@example.com.
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