Archdiocese of Chicago
www.archchicago.org Locators:  Parishes | Elementary Schools | High Schools
Department of Personnel Services
:: Human Resources
Login
Current Retirement Plans

403(b) Retirement Plan: All employees can participate in the 403(b) plan regardless of benefit status. All benefits eligible employees recieve an employer paid matching contribution - salary deferral contributions are matched fifty cents on the dollar up to four percent of their salary. Non-benefits eligible employees do not receive a match contribution. Employees are vested in the match 25% per year until they reach 100% in four years.

Within 45 days of your first paycheck (as a new hire), an enrollment booklet including information on the plan and the investment options available will be sent to you. New employees are auto enrolled in the 403(b) plan at a 3% contribution rate within 45 days of hire, unless the employee chooses to opt out.

To learn more about the plan, go to aoc.retirepru.com. Our dedicated retirement counselor, Julia Calderon is available for questions, by phone or for onsite meetings. Please call Julia at 312-244-0941 or email her at julia.calderon@prudential.com, to schedule an appointment or answer your questions.

 

Share Plan (component of the 403(b) Plan):  

Additionally, under the Share Plan, the Archdiocese will make a quarterly contribution to eligible employees’ 403(b) plan account. This Share Plan contribution will happen automatically. Employees do not need to make salary deferrals to the 403(b) plan in order to receive the Share Plan contribution.

Non-benefit eligible employees do not receive a Share Plan contribution. All contributions are quarterly and based on earnings. Employees hired before July 1st, 2007 will receive an age weighted contribution, using the employee's birth date as of January 1st. Employees hired on or after July 1st, 2007 will receive a flat percentage (fixed) contribution between 1.25 % and 5% of gross earnings, determined annually by the Archdiocese. Vesting in the share plan is 100% after five years.

If the employment relationship is terminated before the five year anniversary, all money invested is lost. Share Plan contributions will be automatically invested by the Archdiocese in a Retirement Target Date fund for employees, based on their projected retirement date. Once invested, Share Plan contributions can be moved at any time.

Click on the "Share Plan" link above to see the Share Plan age-weighted and current fixed percentages.

 

Frozen Pension Plan

Frozen Pension Plan: All employees hired before July 1st, 2007 are eligible for a pension. For more information, please call HR at 312-534-8276 or 312-534-5360. The benefit is based on your career average earnings through 6/30/2007. Vesting in the pension is 100% after five years. If an employee quits before their five year anniversary, they will not receive a pension.

The accrued pension benefit amount for eligible staff has been added to the Prudential participant portal (Prudential Retirement Login page). Access your account on the secure portal, and go to the Retirement Income Calculator to find the pre-loaded amount under "Total Additional Monthly Income."

 

 

 

Contacts

Share Plan and Pension

 

Phone: 1-312-534-8276