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Retirement

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. (One year of service is defined as 1,000 worked hours during the 12-month period beginning with date of hire.)

  • Children's Mercy contributes a range of 3% - 6% based on your age plus years of service.

  • Money is tax-deferred.

  • Employees have a choice of investment options with TIAA.

Tax-deferred annuity 403(b) plans

 

  • All Children's Mercy employees are eligible to participate in the 403(b) plan.

  • New employees are auto enrolled at 3%

  • Pre-tax and Roth After-tax options are available.

  • Employees with 2 years of service will receive an employer match up to 3%

  • Employees have a choice of investment options with TIAA.