Mennonite Retirement Trust
Choosing how you’ll create a retirement income from your savings is one of the most important financial decisions you’ll ever make. That’s why MMA administers the Mennonite Retirement Trust for employees of Mennonite Church USA and related church agencies.
What is MRT?
Available to congregations and church-related agencies of Mennonite Church USA, MRT is an employer-provided retirement benefit that offers two plan options – a 401(a) Money Purchase Pension Plan and a 403(b) Pension Plan.
Participation in MRT supports the denomination’s retirement plan for pastors and church workers, keeping administrative costs low because they’re shared across a large group of small employers and congregations.
If you are currently participating in MRT, and have questions about your retirement income options, you can talk to your employer or MMA advisor. Your MMA advisor is specifically trained to help you deal with retirement planning and your financial goals.
If you are an employer interested in offering your employees retirement benefits, your MMA advisor can help customize a retirement plan that best fits your needs. Learn more about MRT and other employer-provided retirement benefit options from MMA.
Flexibility to fit your needs
By participating in MRT, you have flexible options for creating retirement income. You can receive lump-sum distributions, roll the balance into an income annuity, or withdraw part or all of the value of your account. Using the flexibility built into MRT, you can create just the right plan for your retirement needs.
Start saving today – you won’t regret it
For some people, talking about saving for retirement can be difficult – and easy to avoid. Maybe it’s because of unfamiliar investment terms or working with so many numbers. Or maybe it’s hard to see how you can give up income to pay current bills. Or maybe retirement just seems too far away, or something you don’t want to think about.
Whichever category you fall into, there’s nothing like having some time on your hands, especially when it comes to saving money for retirement. Whether you have 40 years or 14 years left until retirement, you’re still building your retirement savings each and every month.
To help you determine how much savings you need to retire by a certain age, use our retirement income calculator. Other resources can be found in our financial education section, which is designed to help you plan for the future. For an attractive workbook to focus your thinking about retirement, request the Your enough guide.