Investor Presentaiton slide image

Investor Presentaiton

How to retrieve your Comprehensive Annual Statement To access: Log into my.delaware.gov Click on Annual Statement Click on Comprehensive Statement Click on the most recent year 1. Enter Combined Highest 3 Year Compensation: 200000 2. Enter Creditable Service Prior to January 1, 1997: 2 3. Enter Creditable Service Post 1996: 21 4. Additional Service Beyond Your Annual Statement: Years 0 Months O 5. Your Age at Retirement: Years 55 Months 0 ✓ COMPUTATION INFORMATION Pension Estimate Computation Formula For Example Only PART 1 - Calculation for years of service prior to January 1, 1997. 1. Total Compensation- Divided by 36 2. Equals Final Average Compensation- Multiplied by 2.0% 3. Equals Factor 1 4. Multiplied by Years of Creditable Service (Pre 1997)- 5. Equals Estimated Monthly Pension (part 1) PART 2 - Calculation for years of service post December 31, 1996. 6. Final Average Compensation- Multiplied by 1.85% 7. Equals Factor 2- 8. Multiplied by Years of Creditable Service (Post 1996)- 9. Equals Estimated Monthly Pension (part 2)--- PART 3 - Total Estimated Monthly Pension Benefit 10. Part 1+Part 2 equals Total Monthly Pension Benefit --------->> 1- 2― 3- If the increased Survivor Benefit Option is chosen, the computed amount in Item 10 would be reduced. BLOCK 4 $200,000.00 $4.850.94 97.02 2.00 $80.85 $4.8.50.94 89.74 21.00 $2,243.50 $2.324.35 Block 4 contains a step-by-step calculation of your estimated monthly pension accrued under the Delaware Public Employees' Retirement System based on your service and compensation as of 12/31/2021. This monthly pension does not reflect any reduction for early retirement nor does it indicate your eligibility to collect a monthly pension. Please refer to our website, www.delawarepensions.com, for eligibility requirements. DISCLAIMER: This statement represents only an estimate of credited service and potential benefits. None of the information in this estimate has been verified and the Office of Pensions of the State of Delaware makes no representation or warranty, express or implied, as to the accuracy or completeness of such information. Actual service credit and benefits will be verified at the time of retirement. Click "Estimate Pension" to display the Estimated Pension Estimate Pension
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