Help employees prepare for retirement and reduce stress

February 08, 2019

​You can help to boost your employees’ confidence and lower their stress by encouraging them to save for retirement on a tax-advantaged basis through the RSP.

A 2018 survey by the Employee Benefit Research Institute found that few American workers feel confident about their ability to afford a comfortable retirement, and many revealed that preparing for retirement makes them feel stressed.

You can help to boost your employees’ confidence and lower their stress by encouraging them to save for retirement on a tax-advantaged basis through the Retirement Savings Plan of the Presbyterian Church (U.S.A.) (RSP), a 403(b)(9) plan offered through the Board of Pensions and administered by Fidelity Investments. The RSP offers employees an easy, convenient path to financial well-being in retirement with

  • low fees;
  • investment options that range from low to high risk;
  • planning tools and resources; and 
  • secure account access.

Additionally, offering an employer contribution to the RSP for your employees not only supports your efforts to attract and retain great people, it also helps move them closer to meeting their retirement readiness goals. Employer matching contributions to the RSP are not included when calculating effective salary.

All employees are eligible to participate in the RSP if their employer offers the plan to them, and ministers in Pastor's Participation must be given the opportunity to enroll. If you don’t currently offer the RSP to your employees, or wish to add a matching contribution, call the Board at 800-PRESPLAN (800-773-7752) for more information.