Your benefit payment amount is NOT changing!
After reading our January newsletter article about actuarial funding policy amendments, some retirees have expressed concern that their benefit amount will change. Not true! Changes to the actuarial funding policy do not change the amount of your benefit payments.
The Board of Trustees ensure the Retirement System is well funded by making long-term policy decisions based input from actuaries and investment professionals. Actuarial funding policy updates keep the Retirement System financially healthy.
These funding policy changes do not impact the amount of a retiree’s monthly benefit.