It is important for you and your family to prepare for the future. That’s why Pattie A. Clay offers its employees an excellent retirement program. Eligible employees may make payroll contributions with pre-tax dollars to the 403(b) and direct how their contributions are invested.

A Retirement Program is provided for all employees who work 1000 hours or more a year. This is completely funded by the employer. Eligibility begins after the first year of employment and when the employee reaches 21 years of age. The hospital will contribute 2% of your pay to your account. This account will become fully vested after you complete three (3) years of vesting service. In addition, unless you elect otherwise, you will be enrolled in the plan to contribute 2% of your own pay on a pre-tax basis. The hospital will match 50% of your contributions up to 2% of pay. Your contributions plus the hospital matching contributions will be fully vested at all times

Retirement Age - Employees attaining the age of sixty-five (65) who quality for a retirement annuity under the program sponsored by the employer, may terminate from employment for reasons of retirement

Tax Deferred Annuity - Employees of Pattie A. Clay Regional Medical Center who are authorized to work at least 12 hours per week are eligible to supplement their retirement income by participation in the Tax Deferred Annuity Plan. Under this plan, employees may save money on a pre-tax basis by investing in a tax deferred annuity. The plan allows employees to choose between several different investment alternatives with varying amounts of risk and return.

Payroll Savings Plan - All employees are eligible to join our payroll savings plan which is made through payroll deduction

Christmas Club - All employees may participate in a Christmas Club. Deductions are made over a fifty week period; it begins the first week of November and ends the last week of October each year.