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  #1  
Old Nov 24, 2007, 04:06 PM
Registered User
Join Date: Nov 2006
401k Plan and Pension Plan

Question: 401k Plan and Pension Plan
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Does any of the following hospital still offer 401k and pension plans.

If so ,how much are they matching per dollar for the 401K plan?

And how much are they putting in the pension plan?

The following hopitals are in the Memphis,TN area.

Baptist Memphis

VA Medical Center

Methodist

St.Francis

St.Jude


Last edited by 2bmalenurse007 : Nov 24, 2007 at 04:09 PM.
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  #2  
Old Nov 24, 2007, 05:14 PM
HM2Viking's Avatar
HM2Viking (Male)
TARDIS
Join Date: Apr 2006
Re: 40lk Plan and Pension Plan

If you are looking for the best (read lowest cost) pension plan. Take a job with the VA.

See:
Federal Retirement Plan
VA employees are covered by the Federal Employees Retirement System (FERS). FERS is a three-tier retirement plan composed of Social Security benefits, FERS basic benefits, and the Thrift Savings Plan (TSP). Similar to the 401(k) savings plans widely available in the private sector, the TSP allows employees to tax defer as much as $15,500 of their income each year, subject to the requirements of the Internal Revenue Service. The Federal Government also provides a basic contribution and matching contribution, depending on the amount of the employee contribution. For retired military personnel, these benefits are in addition to full monthly retirement pay or pension.
In addition to FERS, VA provides health care insurance coverage for retired personnel.
Source: http://www.vacareers.va.gov/l2_Salar...fits.cfm#Link3 accessed today.

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  #3  
Old Nov 24, 2007, 05:19 PM
llg
allnurses.com Guide
Join Date: Sep 2002
Re: 40lk Plan and Pension Plan

Any hospital should be quite willing to tell you about the specifics of their retirement plan as part of your job application / interview process. Don't hesitate to ask when you speak with the Nurse Recruiters. That's their job. They probably even have a written summary of benefits to give to applicants.

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  #4  
Old Nov 24, 2007, 05:30 PM
Tweety's Avatar
Tweety (Male)
Admin Team
Join Date: Oct 2002
Re: 40lk Plan and Pension Plan

You will find almost all facilities offering some sort of 401K but pension plans are a part of the past. Be sure to ask them for specifics when interviewing.

Since your question involves a specific region of the country, I'm moving it to the TN forum. Good luck.

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  #5  
Old Nov 27, 2007, 12:11 AM
Lisa CCU RN (Female)
Registered User
Join Date: Aug 2005
Re: 40lk Plan and Pension Plan

Baptist Memphis matches 2:1 for 401 K.

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  #6  
Old Nov 27, 2007, 06:40 PM
Registered User
Join Date: Jul 2006
Re: 40lk Plan and Pension Plan

Do you have to be at Baptist for an extended period of time(like 5 years) to get the entire 2:1 match, or is it immediately given as soon as you start to contribute to your 401k?

Also, do they match UP TO A PERCENT of your salary like many places do, or the ENTIRE amount you contribute? Thanks!

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  #7  
Old Dec 07, 2007, 06:49 AM
Registered User
Join Date: Jan 2002
Re: 401k Plan and Pension Plan

Your best bet would be to contact the nurse recruiters at the individual facilities. This is the only way you will get 100% accurate information regarding the benefit packages.

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