Retirement Saving Plans Offered by Nonprofit, Public-Sector Employers

Chester (C. Edziu) Pacana is a conservative wealth management planner who serves as managing agent at DeRosa & Associates in Jamestown, Tennessee. Operating with the motto, “Protecting Principal and Securing Retirement,” Chester Pacana helps clients with retirement planning through investment vehicles such as 401(a), 403(b), and 457(b) plans. Similar to 401(k)s, these plans are designed for organizations that offer employees defined-benefit plans, or pensions, upon retirement, and they are intended to help employees save for retirement and/or supplement the pension plans. 

Public-sector employers, school districts, religious groups, and nonprofits have a choice of retirement savings accounts to offer to employees. A money-purchase retirement plan, the 401(a) plan is funded in large part by employer contributions and receives employee contributions that are either mandatory or voluntary, depending on the employer. In addition, 401(a) plans can be either core or supplemental retirement plans and are often used to attract employees. 

Other options include 403(b) and 457(b) plans. 403(b) plans have a catch-up contribution provision, which allows eligible employees to contribute up to $3,000 more per year. 457(b) plans are intended specifically for government employees and have generous catch-up contribution rules. In addition to employer-sponsored programs, employees may decide to open independent Individual Retirement Accounts (IRAs), to save even more aggressively for retirement.

The Physical Benefits of Rucking

As a conservative wealth management planner and managing agent at DeRosa & Associates Inc., Chester “C. Edziu” Pacana educates clients about term, whole, and indexed universal life insurance policies and assists government workers with retirement planning. Beyond dispatching his professional obligations, Chester Pacana enjoys rucking.

Common in the military, rucking involves walking with a weighted backpack to improve cardiovascular endurance. In the military, soldiers will often march for hours, if not days, with rucksacks stocked with equipment and provisions. Thanks to companies like GoRuck, which manufactures specialized backpacks for rucking and hosts rucking events, the exercise is growing in popularity among civilians as a form of training.

Arguably an ideal aerobic alternative for people who don’t like running, rucking offers the added benefit of facilitating the growth of muscles in your back, core, and shoulders, depending on how much weight is in your pack. Moreover, it has been shown to have roughly the same aerobic benefits as running, but with less risk of injury, and can also help improve posture, relieve back pain, and strengthen your hips. Perhaps the best part of rucking is that you can do it anywhere and at any time of day.

Chester Pacana - Retirement and Insurance Solutions

A conservative wealth management planner based in Tennessee, Chester “C. Edziu” Pacana assists clients as a managing agent with DeRosa & Associates Inc. in Jamestown. Knowledgeable about the insurance marketplace, Chester Pacana engages closely with a wide range of clients, including civilians and federal employees.

C. Edziu Pacana aims to provide sound financial solutions that deliver consistent returns over the long term. His portfolio of offerings encompass life and health insurance policies; annuities; and 403(b), 457(b), and 401(k) plans. His foundational philosophy is one of “protecting principal and securing retirement.”

An alumnus of Saint Leo University with a BA in history, Chester Pacana recently began educating medical professionals about planning for retirement in his capacity with Retirement4nurses.com. For the past 15 years, he has also held responsibilities as a managing member of Edge Interstate Investments LLLP. As such, he guides financial investments and oversees rental real estate property management and maintenance.

Chester Pacana, Experienced Retirement Planning Professional

Chester “C. Edziu” Pacana began his career while attending Saint Leo University, where he graduated cum laude as a presenter for the Florida branch of the Phi Alpha Theta honor society. He had already spent more than two years in high-level leadership positions in the real estate investment industry, having served as president of Second Chance Funding and managing member of Edge Interstate Investments since 2003. In addition to these roles, Chester Pacana expanded into retirement services in 2017. As a conservative wealth management planner with DeRosa & Associates, he oversees insurance and annuity agents throughout Tennessee and Florida, while also working with clients and hosting workshops geared toward retirement preparation.

In his most recent role, C. Edziu Pacana draws on experience working with medical professionals and federal employees. He offers individual services and hosts workshops through DeRosa’s participation in Fed Plan, a group of financial services providers that offer retirement guidance to government workers. Chester Pacana also serves as a wealth management planner at Retirement4nurses, an organization dedicated to individualized goal-oriented service for those with careers in health care.