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Human Resources
General Information
Answers to Your Questions About Retirement
| Q | What is the purpose of the Retirement Plan? |
| A | The benefits of the Retirement Plan are designed to provide
retirement income based on service credit earned prior to January 1,
2000. |
| Q | Who administers the Plan? |
| A | The Retirement Plan is administered by the Retirement Plan office
located in the North American Division of the General Conference of
Seventh-day Adventist, Silver Spring, Maryland, and employees are
admitted to the Plan by action of the Retirement Plan Committee. |
| Q | Do questions in the booklet also apply to service credit in the SDA Hospital Retirement Plan? |
| A | Not in every case. Service credit was frozen in the SDA Hospital
Retirement Plan as of December 31,1991 and a defined contribution
retirement plan was initiated in its place. Thus hospital service after
that date is not covered in this booklet. |
| Q | What is the source of funding? (Z 10 25) |
| A | The Retirement Plan is funded by contributions from participating denominational organizations in Bermuda and the United States. Employees do not contribute personal funds to the Retirement Plan. |
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