Retirement

Eligibility: All employees over the age of 20 will be automatically escalated 1% every July 1 until 7% is reached.  
Employees working 20+ hours/50% of full-time will receive Basic and Matching contributions. 
          5% Basic, up to 3% Match; 5.43%/3.26% for 10-Month Education Contract Teachers.  
Those over the age of 20 and working less than 20 hours/50% of full-time are automatically enrolled at 3% but do not receive Basic or Matching contributions.

(Note: Day Care/ECEC employees and employees under 20 years of age do not qualify for basic or matching contributions.)


Resources
Empower Retirement Account Login / Registration Instructions / Empower Customer Service: 866-467-7756
Speak to an adviser or sign up for Empower Managed Accounts: 844-302-2448 or Advisedassetsgroup@retirementpartner.com
How High Can You Climb Interactive Video (Should you contribute more?)
Great-West SecureFoundation Funds (Part of Empower for those within 10 years of retirement) / Empower Investment Counselors: 877-804-6257 
Opting Out of Social Security (Pastors)
Social Security Choices Website (Should you take early SS or wait? Disclaimer-there is a fee to use this service)
Contribution Limits Spreadsheet
NAD Retirement Website


Forms 
Auto Escalation Notice 
Beneficiary Designation - must submit online - Empower Retirement Account Login


Loans
In order to apply for a retirement loan or transfer a loan to your payroll with Chesapeake, please contact Empower directly: 866-467-7756


Plan of Benefits
Defined Contribution Retirement Policy


Financial Wellness Course (Geared toward those under 55)
Financial Wellness
Financial Wellness Companion Book

Pre-Retirement Courses (Geared toward those 55 and over)
Course I: Principals of Retirement
Course II - Special Situations
Course III - Clergy Retirement Issues
Thinking About Retiring Companion Book

Employees Thinking About Retiring
Retirement Application Questionnaire
Planning for Retirement
Answers to Your Questions - Pink Book
AON Retiree Health Exchange Information
Your Spending Account - HRA Video
Enrolling in Medicare (for a description of Medicare benefits, visit medicare.gov)
Great-West SecureFoundation Funds (Part of Empower for those within 10 years of retirement)
Social Security Choices Website (Should you take early SS or wait? Disclaimer-there is a fee to use this service)
Retirement Asset Target Calculator
Retirement Budget Calculator
Contribution Limits Spreadsheet
NAD Retirement Website

Mission Statement

To reach the Chesapeake region with the distinctive Christ-centered Seventh-day Adventist message of Hope and Wholeness.

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