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Bridgeport Hospital: Retirement Plans Bridgeport Hospital offers employees a convenient, tax-advantaged way to save for retirement through our Retirement Savings Program (RSP). Employees are credited with one year of vesting service for each plan year (January 1 – December 31) that they work 1,000 hours or more, and must complete one year of eligibility service to qualify for the automatic annual Hospital contribution. Employees may also enroll at any time to contribute to a TSA/403(b) account and select their investment options. The Hospital helps employee contributions grow by matching their TSA/403(b) contributions each pay period. IRS limitations may apply to employees determined to be highly compensated. Please refer to your enrollment guide (mailed to new hires within the first month of employment) for full plan details and the “Next Steps” to enroll in the plan. Both the RSP and the TSA are operated through Fidelity, and offer a wide range of investment options. New Hires Bridgeport Hospital will deduct and contribute 2% of new hires’ base pay to a TSA/403(b) each pay period after their 60th day of employment (unless employees elect otherwise). The Hospital will also make a matching contribution equal to 1.5% of the new hires’ base pay for each of the same pay periods. This will continue unless the employee calls Fidelity to make a different election. |