A YMCA can change its contributions only once each plan year. Our plan year runs from July 1 through June 30.
 

In order for a YMCA to change its contributions, a Resolution to Amend Participation must be completed and returned to the Fund's office at least 60 days prior to the effective date of the change. On this form, the YMCA will choose its new contribution rate. The form is signed by the YMCA's Chairperson of the Board as well as its Chief Executive Officer.

 

If the YMCA is lowering its contribution rate, it must notify its employees in writing at least forty-five (45) days in advance by first class mail or hand delivery. The same forty-five day notification is required if the YMCA wishes to make any change that would result in employees either starting or increasing the amount being withheld from their compensation. The YMCA is required to forward a copy of the notice to the Retirement Fund.

The Retirement Fund has sample notification letters for this purpose. Our Customer Services Department (800-RET-YMCA) can provide YMCAs with a copy of the notice that applies to their situation.
 

If your YMCA stops participating, you can no longer make retirement contributions to the Fund. You can withdraw your Voluntary Accounts, but you cannot withdraw your Personal Account or YMCA Account unless you terminate employment at your YMCA. The Fund will send you a letter outlining your options if your YMCA decides to discontinue participation.