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When you enroll in the Plan, you are required to name a beneficiary who will receive the death benefit if you die before you begin receiving your pension.If you are single, you may name any person or…
General Members
Calculating your pension payments can be a tricky equation to solve. We're here to help you through the process.
Follow these steps to learn how your pension is calculated.…
Death before retirementIn the event you die before you begin receiving your pension, the Plan will provide a death benefit to your named beneficiary(ies) equal to the commuted value of the pension…
The options available to you regarding your lifetime pension from MEPP depend on whether or not you have a spouse when you retire.If you do not have a spouse when you retire, you will have a single…
Accrued benefit – The amount of pension earned to date in a defined benefit pension plan.
Accrual rate – The percentage of your highest average salary used to calculate your pension.
Annuity – A…