Monthly Benefit Increase

The Trustees have approved the fourth annual increase to your monthly pension benefit. Beginning this month, your pension benefit will permanently increase by 0.8%.
The indexing plan is being phased in over about 10 years. Each September, pending Trustee review and approval, the index formula will increase by an additional 0.2% (i.e. in September 2008, the increase is scheduled to be 1.0%). Once it is completely implemented, it should ultimately result in an annual 2% increase in benefits for all retirees. This increase is designed to help offset the effects of inflation.

Full Issue: No. 166 - September 2007

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