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Does the amount of an MMBB annuity change?

April 26, 2017Annuity mmbb

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Does the amount of an MMBB annuity change?

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Yes. It is a variable annuity designed to help members keep pace with or even exceed the rate of inflation over longer periods of time. Amounts will increase or decrease each January 1, depending upon investment results for the Annuity Fund, with a slight adjustment for mortality.