Human Resources & Workforce Diversity

How does being in the Variable affect my formula benefit amount?

  • In a formula benefit, your “Variable Excess”--the extra money you earned by being in the Variable as compared to the Fixed--is added to your formula annuity as a money-purchase annuity

    Example:
    Formula benefit = $1200/mo
    Variable Excess = $10,000
    M.P. factor = .0063

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