Bamboozled
Active Member
Someone recently pointed this out to me:
There may be an issue with the Retirement Calculator for any Grandfathered Management/Non-Union person (Promoted before 2006). Go into your Retirement Calculator and enter your retirement date with a spousal birthdate. Do it for when your 55, 60 and 65. You will notice that all the Single Life Options are Locked and remain unchanged now that the pension is capped. However you will notice all the Joint Annuities options go down a percent every year. So if you take a spousal annuity every year you stay after 55 it keeps going down??? How can that be correct???
There may be an issue with the Retirement Calculator for any Grandfathered Management/Non-Union person (Promoted before 2006). Go into your Retirement Calculator and enter your retirement date with a spousal birthdate. Do it for when your 55, 60 and 65. You will notice that all the Single Life Options are Locked and remain unchanged now that the pension is capped. However you will notice all the Joint Annuities options go down a percent every year. So if you take a spousal annuity every year you stay after 55 it keeps going down??? How can that be correct???