Considerations

If your school increases the contribution level, benefit accruals will be maintained or improved when the amendments take effect on September 1, 2005.

If your school maintains the current contribution level, benefit accruals will decrease beginning September 1, 2005.

Here’s some “food for thought” as you consider your options. It is not intended to be an all-inclusive list of considerations, as each school has a unique situation. The considerations below show the action you could take to maintain current benefits or maintain current contributions. These considerations do not address the implications of increasing contributions with the goal of increasing retirement benefits.

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Full Issue: No. 169 - November 2004

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