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Retirement Benefits
The Main Line Health Retirement Income (Pension)Plan is a traditional benefit pension plan designed to provide you with a secure benefit after you retire from MLH.  The amount of your pension benefit depends on your earnings and length of service with MLH.  The longer you work and the more you earn, the larger your benefit will be.  Under the terms of the Plan, you must work at least 1,000 hours each calendar year for five years to earn a pension.  MLH pays the entire cost of the Pension Plan - you pay nothing.  This benefit is part of MLH's commitment to helping you build a significant source of income for your retirement years.

The Main Line Health Retirement Savings Plan is designed to supplement your pension plan to help you save easier for a comfortable and secure future.  Four percent of your pre-tax pay will be contributed to the mutual fund you select.  By contributing 4% of your pay to the plan you will be taking advantage of Main Line Health's employer match which is 1% of your pay on the first 4% you contribute.  If you choose not to participate you are foregoing this additional income made available to you by Main Line Health.  Know, however, that these funds are for retirement savings and withdrawals are easily available only after you retire and severely limited by IRS regulations before you leave employment.

Please contact:

Karin Skahan if you have Retirement related questions

484-580-4175

580-4175

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