Saving as much as you can now will make it more likely that you have enough money in retirement. Increasing your contributions by just 1% each year until you reach 15% of your income can make a big difference in how much money you have when you retire.

If you participate in the Clergy Pension Plan, you do not contribute to your own retirement account. Your retirement benefit is determined when you retire by a formula based on your compensation and years of credited service. The Retirement Savings Plan offers a way for you to add to your retirement income by contributing to your own RSVP account.

You may participate if you are an employee of the Episcopal Church and your church employer has adopted the plan. Download and complete the Employee Enrollment Form and mail it to the address indicated on the form.

Yes, you can. You may borrow 50% of the vested balance of your mutual fund account to a maximum of $50,000. No more than two loans may be outstanding at any one time. The minimum principal amount of any loan is $500. The maximum loan repayment period is five years, unless the purpose of the loan is to acquire a principal residence, in which case a repayment period of up to 15 years is permitted. Loans are repaid by Automatic Clearing House (ACH) debit against your bank account.

They include a variety of funds ranging from a money market mutual fund to growth-focused stock funds and the Stable Value Option (SVO). View investment options

Yes, if you wish. The Freedom Funds are designed to serve as stand-alone options, since each fund invests in a combination of well-established Fidelity mutual funds and is professionally managed to provide a consistent retirement investment strategy over time. However, you are free to allocate your contributions among all the investment options, including the Freedom Funds.

You can transfer your full account balance, or any portion of it, between investment options daily, at no cost.

Withdrawing funds is taking money out of the RSVP. Transferring funds is moving funds from one investment option to another within the RSVP.

Yes. Generally the plan will accept rollover funds from any qualified tax-deferred plan.

Yes. You may also choose lifetime income options or periodic installments over a period of time or for a particular amount.  

The balance is paid to the designated beneficiary indicated in your Fidelity NetBenefits account.