Upon Retirement: the UU Organizations Retirement Plan

Retirement Date

The normal retirement age is 65. Early retirement may be elected at age 55, or age 50 with the approval of the Plan Administrator. There is no mandatory retirement age for either Unitarian Universalist (UU) ministers or non-ordained employees.

Retirement Distributions

At retirement, a participant may elect to receive distributions as:

• A partial or total lump sum distribution, sometimes with significant tax consequences; or
• Systematic payments over a specified time, or
• Systematic payments for a specified amount.

Because ordained ministers may receive part of their distributions after retirement as a tax-exempt clergy housing allowance, it is generally very advantageous for clergy of all denominations to maximize their retirement savings through denominationally-sponsored plans.

All participants are fully vested, and in the event of death, the assets are paid to the participant’s beneficiary.