Pension Plan Summary
Erlanger provides a Defined Benefit retirement plan that is 100%
To become a participant in this plan, you
must have been hired prior to 7/1/09. You must also be at least 25 years old,
work as an active employee and work at least 1,000 hours during 12 months of
regular employment. You will become a participant in this plan on either January
1 or July 1 after the eligibility criteria are met.
Employees are fully vested if they work at least
1,000 hours for three plan years. A plan year is defined as July 1 through June
A participant may receive a reduced
early retirement benefit if they are at least 55 years of age with at least ten
years of pension service.
Normal retirement age is age 65.
If you meet the eligibility criteria, you are
automatically enrolled as a participant in this plan.
The retirement benefit is portable for those
participants that are vested, have terminated employment but have not yet
reached early/normal retirement age.
Erlanger Health System provides 100% of the Plan
Please see the Summary Plan Description for additional information
related to this benefit.