The SISC Defined Benefit plan is a qualified pension plan offered as an alternative to Social Security for part-time, temporary, and seasonal employees. It works like a traditional pension plan to give employees an extra source of income at retirement.
The SISC DBP was introduced in 1994. Under the SISC DBP there are no deductions from the employee’s paycheck, all costs are paid by the employer. However, the low cost of the plan saves both the employer and employee money versus the traditional Social Security plan.
For more information please review our SISC DBP brochure.