Will my retirement check increase?
n
Fixed Retirement
n
ü
Fixed dividend applied
on May 1 (if applicable)
ü
ü
First year is prorated
ü
ü
Will never be less than
the “base” annuity
n
Variable
Retirement
n
ü
Variable adjustment is
applied to the variable
portion on May 1
ü
ü
Can increase or decrease
If increase based on dividend assessment is less than 1%, no dividends are assessed.