Employee Benefits Retirement
Employee Benefits 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.
  • 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.

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