5 HOW YOUR BENEFIT IS CALCULATED
Your benefit is calculated as a Straight Life Annuity. This is a retirement benefit payable in equal monthly installments over your life only. If you receive a form of payment other than a Straight Life Annuity, your monthly benefit amount is actuarially reduced for that form of payment. The current accrual rate is 1.0% of Contributions required on your behalf. Prior accrual rates are shown in Appendix H.
- 5.1 Past Benefit Service
- 5.2 Section 415 Maximum Benefit
- 5.3 Return to Covered Employment
- 5.4 Special Rules Regarding Calculation of Benefits