Saving for retirement. For some, it's right around the corner. For others, it seems far away. In either case, it's important to be prepared and save as much as you can to build financial security. Even saving just a little each month can go a long way -- thanks to the power of compounding.
You can save as little as 1% of your eligible earnings and as much as 16% on a pre-tax basis, an after-tax basis, or a combination of the two. You decide what percentage of your eligible earnings you wish to contribute.
Important Information for newly hired employees: If you are a new employee who will be or has been automatically enrolled in the plan after 60 days of employment, 3% of your eligible earnings will be contributed from your pay on a pre-tax basis. You can change this amount using the Your Benefits Resources™ website or by calling 1-888-ALCOA123 (1-888-252-6212).
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50 or older?
As you get closer to retirement, you may want or need to save more for your retirement.
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