Voluntary Investment Plan

Financial Planners estimate that you will need 70 to 80 percent of your gross pre-retirement income to live comfortably in retirement. With the average life expectancy now nearly 80, an individual can look forward to 20 or 30 years of retirement. Moreover, even with the pension payments and the uncertainty of Social Security, early retirement is generally not feasible without additional savings. The Voluntary Investment Plan is a supplementary 401( a ) pension plan started in 1971 for eligible members to invest additional money toward retirement.