Regardless of age, retirement planning is one of the most important issues facing Americans today. While the MCC established the Lay Employees’ Retirement Plan in 1966 to provide a retirement program for lay employees of participating parishes and schools, the Conference also encourages employees to investigate other options that will help plan for retirement.
According to the Employee Benefit Research Institute, 43% of American workers have less than $10,000 in retirement savings, and yet only 46% of Americans have tried to calculate what should be saved for retirement.
Here are some resources that may help plan for retirement.
Since January 1, 2009, Prudential Retirement has administered the 403(b) plan for all qualifying Catholic entities and eligible employees. Prudential Retirement has a long tradition of proven experience, exceptional service, and excellence in managing retirement programs. They have also provided the following resources to help plan for retirement.