As a retiree, you may have questions we can answer or confusions we can clear up. The sections below will take you easily and quickly to the information you need.

Defined Contribution Plan

The Defined Contribution (DC) Plan is the “new” retirement plan that became effective January 1, 2000 when the Defined Benefit (DB) plan was frozen. The primary purpose of the DC Plan is to provide retirement income for the employees of participating employers and their beneficiaries. The contributions that an employee and employer make to the Plan, and the earnings on those contributions, are designed to provide a significant portion of financial security in retirement.

An employee may make contributions to this plan.

An eligible employee may also receive employer contributions to the Plan if they meet the following criteria:

  • An employee of the U.S. Seventh-day Adventist Church entity as listed in the SDA Yearbook or an interdivision missionary from the United States sent by the General Conference of Seventh-day Adventists.
  • 20 years of age or older.
  • NOT a student employee working for an Adventist educational institution.

There are different eligibility requirements for employer contributions depending on which of the two retirement benefit options the employer has elected.

There may be employees who will be eligible for both DB and DC benefits. This will require that the employees meet the eligibility requirements for each.

Need more information or assistance?  These resources can help:

  • If you want an explanation of how the Defined Contribution Plan functions, download this Summary Plan Description. download
  • Empower Retirement Click here