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You can contribute to your retirement savings or consolidate your investment accounts by rolling them into MMBB through participation in the Member Contribution Plan. Click here for more information on that program.

Employer Contributions

Through the Comprehensive Plan, your employer contributes to your retirement investment account on a pre-tax basis. The contributions are made on a monthly basis. The premium payment is due on or before the last business day of the month.

The contribution can vary from 10% to 20% of the employee’s compensation.

  • 3% of the employee’s compensation pays for term life insurance and disability benefits.
  • The remainder (7% to 17% of the employee’s contribution) is invested in the employee’s retirement investment account.

MMBB pays the Comprehensive Plan premium on behalf of disabled members.

Employees participating in the Comprehensive Plan are 100% vested immediately.