About the Annuity and Savings Plan
Our Annuity and Savings Plan was established in 1987 with the purpose of providing an additional way to prepare for retirement. The Plan offers members a clear, secure pathway for retirement by combining their own wages with employer contributions in a tax-deferred 401(k) account. If you work for a Contributing Employer, you will be eligible to participate in the Plan and earn a benefit.
As a member, you are eligible to contribute to a 401(k) feature of the Plan. This feature allows you to invest a portion of your wages on a before-tax basis and provides you a range of investment options to choose from, including a selection of mutual funds.
When you’re ready to retire, you and your family can receive your Annuity. You’ll also be able to choose how you want to receive those payments, whether that’s in one lump sum or spread out over time.
Documents and Resources
Download the Summary Plan Description
Your Summary Plan Description (SPD) provides you with a comprehensive overview of your Annuity and Savings Plan benefits. Download the complete SPD below for all details. For questions, please call the Funds Office at 508-533-1400 or email us at [email protected].
Frequently Asked Questions
NOTE: The following FAQs are abbreviated explanations of complicated Plan benefits. Please review the applicable Summary Plan Descriptions if you still have questions, and please note any discrepancy between these FAQs and the Plan Documents will be resolved in favor of the Plan Documents, which are the controlling documents.