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How is a Retirement Estimate different from the estimate on the Statement of Account?

April 26, 2017account different estimate retirement

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How is a Retirement Estimate different from the estimate on the Statement of Account?

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A retirement estimate projects your benefits to your anticipated date of retirement. It also provides you with all of the options available to you at retirement. The estimate printed at the bottom of your Statement of Account is a “snapshot” of your benefits as of June 30th. The statement only shows you the benefits under Maximum Single Life Annuity and Option 1.