The New York Times Company Retirement Annuity Plan for Craft Employees of The New York Times Company (RAP) Plan 020926
The New York Times Company established the Retirement Annuity Plan for Craft Employees of the New York Times Company (RAP) to provide a lifetime benefit when you retire. There are two parts to the plan:
Non-contributory retirement benefits based on your pay while you were a member of the plan, and
Contributory retirement benefits related to contributions you made while you were a member of the plan.
This kit provides on or after January 1, 2000. For more detailed information, please refer to the Plan’s Summary Plan Description.
Click on the links to learn more about the plan.
Eligibility You are eligible to participate in the plan on the first of the month on or after you reach one of the following:
Age 21 up to age 49, and have completed one Year of Service. A Year of Service is a total of 1,000 hours of service, credited in your first 12 months of employment or in any calendar year following your date of hire, or
Age 50 and complete at least 780 hours of service within six consecutive months of employment.
You are automatically enrolled in the non-contributory part of RAP. Membership in the contributory part of the RAP is voluntary. If you wish to start contributing, you must complete and submit an enrollment form specifying how much you wish to contribute. You may join the contributory part of RAP only if you are not contributing to the Payroll Investment Plan (PIP).
