Benefits
Important changes affecting active employees participating in the Lay Employees Pension Plan go into effect on January 31, 2011. The way your employer helps you save for your retirement is changing from a pension plan (defined benefit plan) to a 403(b) plan (defined contribution plan).
Pension benefits will be frozen as of January 31, 2011 and will no longer grow after that date. Active Pension Plan participants will stop earning benefits under the Lay Employees Pension Plan as of January 31, 2011.
The Pension Plan freeze is intended to protect accrued benefits. This freeze will not affect benefits earned under the Pension Plan as of January 31, 2011. In other words, your pension benefit upon retirement will be based upon your credited years of service and your salary history as of January 31, 2011. You will not accrue additional credited years of service for any future years of employment beyond January 31, 2011. Similarly, any salary changes you experience after January 31, 2011 will not be taken into account in your pension retirement benefits calculation.
A mailing with more detailed information was sent out the week of November 29, 2010 to all active participants in the Pension Plan. If you did not receive this mailing, or if you need additional assistance, please call the pension hotline at 651-291-4503.
The resources below are intended for lay employees of the Archdiocese, and parishes and schools of the Archdiocese.
Benefit Plan Summaries
CHS forms
Corporate Health Systems, Inc.
15153 Technology Drive
Suite B
Eden Prairie, MN 55344
Contact: Fran Nalezny, Benefits Administrator (Phone: 952-873-7123)
Contact: Tracy Hyde, Benefits Administrator (Phone: 952-873-7124)
Family Medical Leave Act (FMLA)
Retirement Benefits – Pension & TDA (403b)
Additional MetLife Contacts
Steve Burk
952-921-3333
Mike Cassidy
952-769-2114
John Scheidler
952-769-2115
Dan Stout
612-308-7773
MetLife – TDA forms
Additional Resources