INTENT
The Just program calls for organizations to offer a defined benefit plan or defined contribution plan that will help employees save income for their retirement years.
INDICATOR METRICS
LEVEL ONE
- Organization has written and posted public policy on employee retirement provision.
LEVEL TWO
- Organization has written and posted public policy on employee retirement provision.
- Organization offers a defined contribution plan with auto-enrollment with default contribution level of 3% and immediate eligibility. Certified Employee Owned businesses or equivalent can apply at this Level.
LEVEL THREE
- Organization has written and posted public policy on employee retirement provision.
- Organization offers a defined contribution plan with auto-enrollment with default contribution level of 5% and immediate eligibility with employer match (minimum of 3% of salary). Certified Employee Majority Owned businesses or equivalent can apply at this Level.
LEVEL FOUR
- Organization has written and posted public policy on employee retirement provision.
- Organization offers a defined contribution plan with auto-enrollment with default contribution level of 5%, auto-escalation of 1% per year (capped at 10% per year), and immediate eligibility with employer match (minimum of 5% of salary). Organizations that offer a defined benefit pension plan can apply at this level. Certified Employee 100% Owned businesses or equivalent can apply at this Level.