WealthBuilding Plans
 

Chubb provides several plans to help you build your personal assets for the future.

Chubb Capital Accumulation Plan (CCAP)

Each year you may save up to 25% of your eligible compensation in CCAP - Chubb's 401K Plan.  You choose whether your contributions will be pre-tax or after-tax and you decide how your money will be invested.  There are seventeen funds to choose among - each with different characteristics and risk levels.

You can begin saving your own money the 1st of the month following one full calendar month of eligible service.  Beginning the first January, April, July, or October following your one-year anniversary, you will be eligible to receive a company match, up to 4% of your pre-tax contributions dollar-for-dollar.  That's another dollar from Chubb (received at the end of the year) for every dollar you put in up to 4% subject to IRS limits.

The Chubb CashBuilder Pension Plan

Chubb pays the entire cost of the CashBuilder Pension Plan - you make no contribution to it.

Once you are a plan participant - the first January or July after one year of service - your CashBuilder account is credited twice each year with an amount based on your pay, age, and years of service.  Your CashBuilder account builds steadily throughout your career.  Once you are vested, you can receive your CashBuilder account as a lump sum or as monthly payments for life when you retire or leave Chubb for any reason.

Social Security

Chubb matches your own Social Security contributions (FICA taxes) dollar-for-dollar.