Why did my death benefit and/or monthly retirement benefit drop, even though my service and salary increased?
As the present computerized information used to generate your Statement of Account is generalized to cover a broad spectrum of employer reporting methods and employee information, the system does not project your contributions and interest for future retirement dates. Your death benefit and/or monthly retirement benefit may drop due to the amount of contributions and interest available for you to withdraw. The amount of contributions and interest available for withdrawal at retirement reduces your monthly benefit payment. Because the previous information provided did not update the contributions and interest, the estimated figures were showing a smaller withdrawal of funds.
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- Why did my death benefit and/or monthly retirement benefit drop, even though my service and salary increased?
