A pension plan for part-time, temporary and sesonal employees
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.
Benefit payments are only issued once a year, in March. If you are eligible and wish to claim your benefit, a Request for Benefit Payment form MUST reach the SISC office by January 10th.
Annual pension statements from the SISC DBP are mailed each year in October. Please watch your mail for delivery. Notify SISC if you did not receive a statement but believe you should have received one. It may be due to an incorrect address on file.
CHANGE OF ADDRESS
Please inform the SISC office as soon as possible at 661-636-4602 if you have a new address.