Catch Up Contributions

50 or Older? 

 

Take Advantage of the Catch-Up Contribution Option

As you get closer to retirement, you may want or need to save more for your retirement, and you may finally have the extra income to do that. Your children may be grown. Your house payment may be coming to an end. Or you may finally realize you have to make up for the lost savings of your youth. Luckily, the Alcoa Savings Plan has a special option that allows you to save more.

 

Employees age 50 or older (by the end of the calendar year) can make additional pre-tax contributions of up to $6,000 to their Alcoa Savings Plan account. To qualify, you must be contributing at least 6% of your eligible earnings pre-tax.

 

To start your catch-up contributions, call 1-888-ALCOA123.