I think it depends somewhat on the specific info you are requesting. Do you think they are giving you too LOW of a pension amount?
You can sort of check this by looking at annuity calculators online.
Based on the value of the account, and your age, you should be able to come close to getting the same amount as they do.
Do you have an option to take in a lump sum? Are you over 59.5?
Just turned 65.
The amount they say for the last years monthly income is off.
They say $1905
I calc $1949
Up til 2015 there was a 2% contribution, then changed to 1.45% from 2016 on.
Just want to see clean numbers on a spreadsheet.
(7)
Accelerated Lump Sum Payment To Member. Beneficiarv.
Or Alternate Payee Within One Year Window
(B) lf the amount of the benefit othenruise
payable to a
Member who is a Lay Employee, to a Beneficiary or to an alternate
payee, pursuant to the provisions of section 9.1,7’1(c), or 9.4’
respect¡vely, is less than three hundred dollars ($3OO¡ per month,
the Member, Beneficiary or alternate payee may elect to receive an
Actuarially Equivalent lump sum benefit payment as soon as
practicable; provided, however, that the election period during
which the Member, Beneficiary or alternate payee may elect an
accelerated lump sum benefit payment pursuant to this section
9.2(dX7) shall commence as of the date he or she receives notice
from the Professional Plan Administrator of his or her eligibility to
obtain payment of the benefit and shall end at the close of the
twelfth (12th) calendar month beginning thereafter. For purposes of
determining whether the amount of a benefit subject to this
subsection (dX7XB) is less than three hundred dollars ($300) per
month, the determination for each Member shall be made as of the
Member’s Normal Retirement Date and the determination for each
Beneficiary or alternate payee shall be made as of the applicable
annuity starting date.
The amount is $251 per month.
Does this passage suggest I can take a lump sum ?