Individual Annuity Account

The focus of the Annuity Plan is entirely on the individual. Your benefit comes from the employer contributions paid in on your behalf; amounts that you roll over from another qualified retirement plan or IRA; any salary deferrals that you choose to make; your pro-rata share of Plan expenses; and the performance of the investment options you select. This differs significantly from the Pension Fund, where all of these factors, including future projections, are pooled together and to benefit the largest possible number of participants.

Your individual account is flexible in that it can be funded from as many as three sources: employer contributions, 401(k) deferrals and rollovers from other qualified plans. You also have the opportunity to invest your account in a variety of investment options, ranging from various types of stock and bond funds to asset allocation funds that automatically adjust their composition in an age-appropriate manner.