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Rj12n No. 3 differs from Option No. 2 in that the allowance paid after your death <br />to your beneficiary will be one-half the amount of your own monthly allowance. <br />Because of this smaller obligation to your beneficiary, you will receive a larger <br />percentage of ,your unmodified allowance than under Option No. 2. <br />The following tables and examples illustrate the calculation of the optional <br />allowances: <br />TABLE B <br />OPTION NO. 1 - SERVICE RETIREMENT <br />Reduction of Unmodified Allowance <br />For Each $1,000 of a Male Employee's Accumulated Contributions <br />Age at <br />Retirement Factor. <br />50 <br />.38 <br />51 <br />.42 <br />52 <br />.45 <br />53 <br />.48 <br />54 <br />.52 <br />55 <br />.55 <br />56 <br />.59 <br />57 <br />.63 <br />58 <br />.68 <br />73 <br />6o <br />•78 <br />Examples Your Case <br />1. <br />Age at Retirement <br />53 <br />$423.50 <br />60 <br />$264.60 <br />2. <br />3. <br />Unmodified Allowance <br />Est. Contributions at Retirement <br />$20,000 <br />$12,000 <br />4. <br />Option 1. Reduction factor <br />.48 <br />.78 <br />5. <br />6. <br />Reduction <br />Option 1 monthly allowance <br />$9i3°g0 <br />$255624 <br />Ret. Form 1589-3 (169) <br />