Announce a company savings plan - 1

Dear Felix

In our ongoing efforts to improve your employee benefits, we are pleased to announce that effective September 1, Chris Corporation will participate in a savings plan available to all full-time employees.

For anyone who saves at least 3% in the master retirement plan through payroll deduction each month, Chris Corporation will deposit a matching 3%. Employees may have a payroll deduction of up to 17% of their gross income each month, making a total possible tax-deferred savings each month of 20%.

The benefits office will mail further information and enrollment forms to your home address. They will also hold a meeting on August 15, to explain the program and answer questions. If you plan to participate, you must sign up before August 20.

Regards
Lydia