Pension Reform Assessment

Considering social security, a member working a full career can get full salary replacement, even in the new plan Replacement income for member hired at 27 (continuous employment until SS NRA) 125%1 108% 100- 111% 103% 38% 30% 75 75% 40% 40% 50- 25- 33% 33% 33% 0. Current plan New plan DC earns 7.5% New plan DC earns 6.5% *Assumes DC plan can earn stated return during active employment and annuitize the balance at 5.00% actuarial equivalence at retirement GRS 17 I New DC New DB Current DB Social Security

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