Pension Fund's Roth Individual Retirement Account (IRA) offers a very competitive, guaranteed base return (currently 3.5%). Eligible Pension Fund members can enroll in our Roth IRA, make regular contributions, enjoy tax-free withdrawal options*, and roll-over funds from other investment accounts.**
*After 5 year holding period is met.
Enjoy a competitive, guaranteed return. Our Roth IRA offers a guaranteed base interest rate (currently a minimum of 3.5%) — making it a safe, secure and competitive investment option.
Grow your retirement savings. Roth IRA contributions are made with after-tax dollars. You can contribute to a Roth IRA in addition to participating in the Pension Plan or another employer-sponsored 401(k). Best of all, because dollars set aside now are taxed at today's tax rate, funds held for 5 years can be withdrawn tax-free.
Appreciate having tax-free withdrawal options. Participants can withdraw funds without penalty, under some circumstances. For example, you can withdraw funds without penalty if you are at least age 59 1/2, you become disabled, you are the beneficiary of a deceased Roth IRA owner, or you intend to use the distribution toward the purchase of your first home. Other circumstances may also qualify a Roth IRA owner to withdraw funds.