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What are the CRF and the ASF contributions to my pension?

April 26, 2017ASF contributions crf Pension

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What are the CRF and the ASF contributions to my pension?

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CRF – Contingent Reserve Fund – consist of the City’s contributions to the pension. ASF – Annuity Savings Fund – are the contributions that the member contributes to the pension account. By law 10% of the ASF is required to remain in a member’s pension account upon retirement.