Why has the Plans retirement benefit been described as a guaranteed annuity?
While nothing may be said to be absolutely guaranteed, the YMCA Retirement Fund can state with the greatest of certainty that every retiree and beneficiary will get every penny of the retirement annuity promised to them. Our actuary reviews and monitors the Plan each year to determine the amount of reserves required to pay all future benefits. The assets of the Fund are invested in order to provide the highest level of return while protecting the value of the assets.
