Directions : Official Publication of the Public Employees' Retirement Board 1998 Jan
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In our eReader you can find the full English version of the book. Read Directions : Official Publication of the Public Employees' Retirement Board 1998 Jan Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book Directions : Official Publication of the Public Employees' Retirement Board 1998 Jan
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To quickly assess the difficulty of the text, read a short excerpt:
First, we double the normal contributions and interest in your account.
Then we convert that amount to an annuity based on 8% interest and payments for life. When you retire, we always calculate your benefit under each method. You will receive the higher of the two formulas.
Normally, your benefit will be larger under the DB formula. However, if you quit and you remain an inactive member for a long time, the money purchase option may be more. Under the DB formula, your benefit is fixed and will... not change while you are an inactive member. But, under the money purchase, your benefit grows because your account gets bigger as it earns. This gives you some improved portability. You can work for the state for five years, then move on. While the money purchase may not keep up with inflation, your benefit under the money purchase won't be as affected by inflation. The PERS will pay you the money purchase benefit for life. It will not stop until you pass away; not even after you receive benefits equal to the amount in your PERS account.
What to read after Directions : Official Publication of the Public Employees' Retirement Board 1998 Jan?
You can find similar books in the "Read Also" column, or choose other free books by Montana. Public Employees' Retirement Board to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
First, we double the normal contributions and interest in your account.
Then we convert that amount to an annuity based on 8% interest and payments for life. When you retire, we always calculate your benefit under each method. You will receive the higher of the two formulas.
Normally, your benefit will be larger under the DB formula. However, if you quit and you remain an inactive member for a long time, the money purchase option may be more. Under the DB formula, your benefit is fixed and will... not change while you are an inactive member. But, under the money purchase, your benefit grows because your account gets bigger as it earns. This gives you some improved portability. You can work for the state for five years, then move on. While the money purchase may not keep up with inflation, your benefit under the money purchase won't be as affected by inflation. The PERS will pay you the money purchase benefit for life. It will not stop until you pass away; not even after you receive benefits equal to the amount in your PERS account.
What to read after Directions : Official Publication of the Public Employees' Retirement Board 1998 Jan?
You can find similar books in the "Read Also" column, or choose other free books by Montana. Public Employees' Retirement Board to read onlineMoreLess
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