Investor Presentaiton slide image

Investor Presentaiton

Payment of Monthly Pension Your first Pension Check will be on a 1-month lag • Retire June 1st you will receive your first check July 31st • Double Pay • Double Deductions • Monthly pension is calculated after the receipt of your final pay from your Organization • Online pay advices • Post Retirement Increase (PRI) • A PRI is a pension increase received after retirement • Granted upon Legislative approval • 1% was given 1/1/2015 • $400 one-time supplement November 2018 July 2021 based on Effective Date of Retirement 3% Prior to 7/1/1991 - 2% - 7/1/1991 - 6/30/2001 1% 7/1/2001 - 6/30/2016 - $500 one-time supplement November 2021
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