Montana Public Employees' Retirement System Handbook 2000 Jan
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In our eReader you can find the full English version of the book. Read Montana Public Employees' Retirement System Handbook 2000 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 Montana Public Employees' Retirement System Handbook 2000 Jan
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The 10- and 20-periods begin on the effective date of the mem- ber's retirement. Factors used for 10- or 20-year periods are always the same.
Early Service Retirement Kenny Retire, Age 51 Service Credit 25 Years Final Average Salary (full-time salary) $1,500 per month Account Balance at Retirement $42,796 Contingent Annuitant's Age 51 Option 1 Formula: 1/56 X Service Credit(years) x FAS x Early Retirement Factor 1/56 X 25 X $1,500 x .70 = $468.75 /month The early retirement factor is .70 for Ke...nny. Two factors could apply to Kenny, either .556 for age 51 or .70 for 25 years of service credit. We use .70 because it gives Kenny a larger benefit. See Table 1 on page 23 for a list of early retirement factors. Under Payment Option 1, Kenny will receive a benefit of $468.75 each month for the remainder of his Hfe. Upon his death, his beneficia- ries will receive the balance of his account. The balance is equal 39 to the amount at retirement less all benefits paid to him. We will pay the balance in one lump-sum payment.
What to read after Montana Public Employees' Retirement System Handbook 2000 Jan?
You can find similar books in the "Read Also" column, or choose other free books by Montana. Public Employees' Retirement Division to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
The 10- and 20-periods begin on the effective date of the mem- ber's retirement. Factors used for 10- or 20-year periods are always the same.
Early Service Retirement Kenny Retire, Age 51 Service Credit 25 Years Final Average Salary (full-time salary) $1,500 per month Account Balance at Retirement $42,796 Contingent Annuitant's Age 51 Option 1 Formula: 1/56 X Service Credit(years) x FAS x Early Retirement Factor 1/56 X 25 X $1,500 x .70 = $468.75 /month The early retirement factor is .70 for Ke...nny. Two factors could apply to Kenny, either .556 for age 51 or .70 for 25 years of service credit. We use .70 because it gives Kenny a larger benefit. See Table 1 on page 23 for a list of early retirement factors. Under Payment Option 1, Kenny will receive a benefit of $468.75 each month for the remainder of his Hfe. Upon his death, his beneficia- ries will receive the balance of his account. The balance is equal 39 to the amount at retirement less all benefits paid to him. We will pay the balance in one lump-sum payment.
What to read after Montana Public Employees' Retirement System Handbook 2000 Jan?
You can find similar books in the "Read Also" column, or choose other free books by Montana. Public Employees' Retirement Division to read onlineMoreLess
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