2007 Employer Contributions
Following the end of each calendar year, a
calculation is made to determine the employer basic and matching
contributions for the year just ended. These contributions are
typically added to your AHRP account during the latter part of
January (following year-end). You will be able to observe an
increase to your account balance at that time.
If you were eligible to receive employer basic and matching
benefits for 2007, your AHRP Account Statement for the quarter
ending March 31, 2008 will include these contributions.
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2008 Interest Rates
AHRP Capital Preservation Account
The 2008 guaranteed interest rate for the AHRP Capital
Preservation Account is 5.20%. This represents a 0.05% decrease
from the credited rate of 5.25% during 2007.
AHRP Loans
The interest rate on AHRP loans is tied to the yield on the AHRP
Capital Preservation Account at the time the loan commences. New
loans taken during 2008 will have an interest rate of 5.20%
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The
start of a new year is a great time to make a resolution about your
financial health by saving more for retirement. No matter who you are,
saving more is a good idea. Consider increasing
your contributions to the AHRP Plan now. In fact, if you want to save
the maximum possible, read more about the IRS deferral limits below.