Pension

Summary Plan Description Table of Contents

  1. Introduction
  2. Funding Improvement Plan
  3. Pension Plan Highlights
  4. Beginning Work
  5. Leaving Work
  6. Getting Married or Divorced
  7. Preparing for Retirement
  8. Receiving a Pension
  9. Choosing a Payment Option
  10. Returning to Work
  11. In the Event of Death
  12. Administrative Information
  13. Definitions
  14. Table 1: Early Retirement Pension Reduction Factors for Benefits Accrued on or Before May 31, 2018
  15. Table 1A: Early Retirement Pension Reduction Factors for Benefits Accrued on or After June 1, 2018
  16. Table 2: Deferred Pension Early Retirement Reduction Factors
  17. Table 3: Actuarial Equivalent Reduction Factors for Pension Before Suspension of Benefits

Table 3: Actuarial Equivalent Reduction Factors for Pension Before Suspension of Benefits

Age Months
0 1 2 3 4 5 6 7 8 9 10 11
55 154.43 154.16 153.90 153.63 153.37 153.10 152.84 152.57 152.30 152.04 151.77 151.51
56 151.24 150.97 150.70 150.43 150.16 149.89 149.62 149.35 149.08 148.81 148.54 148.27
57 148.00 147.73 147.45 147.18 146.90 146.63 146.35 146.08 145.80 145.53 145.25 144.98
58 144.70 144.42 144.14 143.86 143.58 143.30 143.03 142.75 142.47 142.19 141.91 141.63
59 141.35 141.07 140.78 140.50 140.22 139.93 139.65 139.37 139.08 138.80 138.52 138.23
60 137.95 137.66 137.38 137.09 136.80 136.51 136.23 135.94 135.65 135.36 135.08 134.79
61 134.50 134.21 133.92 133.63 133.34 133.05 132.76 132.47 132.18 131.89 131.60 131.31
62 131.02 130.73 130.44 130.14 129.85 129.56 129.27 128.97 128.68 128.39 128.10 127.80
63 127.51 127.22 126.92 126.63 126.33 126.04 125.75 125.45 125.16 124.86 124.57 124.27
64 123.98 123.69 123.39 123.10 122.80 122.51 122.21 121.92 121.62 121.33 121.03 120.74
65 120.44 120.14 119.85 119.55 119.26 118.96 118.67 118.37 118.07 117.78 117.48 117.19
66 116.89 116.60 116.30 116.01 115.72 115.42 115.13 114.84 114.54 114.25 113.96 113.66
67 113.37 113.08 112.78 112.49 112.20 111.90 111.61 111.32 111.02 110.73 110.44 110.14
68 109.85 109.56 109.26 108.97 108.68 108.38 108.09 107.80 107.50 107.21 106.92 106.62
69 106.33 106.04 105.74 105.45 105.15 104.86 104.57 104.27 103.98 103.68 103.39 103.09
70 102.80