How it Works

You and your employer both pay contributions as a percentage of your gross earnings each month into a Personal Retirement Account for you. These contributions are invested, according to your selection, until you reach retirement age.

When you retire, you can use the funds in your Personal Retirement Account to provide benefits from a range of options. The DC section gives you flexibility and choice to tailor your benefits to your individual needs.

Planning how much money you will need in retirement and managing your Personal Retirement Account is your responsibility. You decide how much to save, how your account is invested and how you draw the money when you reach retirement.