Children's Mercy helps you
financially prepare for retirement via the following plans:
Group Retirement Plan
- The Children's Mercy retirement plan is a money purchase
pension plan.
- Employees age 21 or older are automatically entered into the
retirement plan effective the 1st of the month following two years
of service.
- Children's Mercy contributes 4.2% of the employee's first
$48,000 of annual salary. The contribution increases to 8.4% of
salary amounts over $48,000 to a maximum annual contribution of
6%.
- Money is tax-deferred.
- Employees have a choice of investment options with
TIAA-CREF.
Tax-Deferred Annuity 403(b) Plans
- All Children's Mercy employees are eligible to participate in
the 403(b) plans effective the first of the month following the
hire date.
- Money is tax-deferred.
- These plans are funded by employees only.
- Employees have a choice of investment options with
TIAA-CREF.
