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If we go from the high 3 to the high five would this effect people that are all ready retired? Blocked by moderator
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Private answer From everything I have read, it would only include those individuals who have not yet retired. Can you imagine the workload to recompute annuities for everyone who is already retired???? Blocked by moderator  Posted by Elaine Lumsden (Questions: 0, Answers: 570)Answered on May 24, 2018 8:49 pm |
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Private answer It will make a big difference for my annuity. (High 5 vs high 3) because of a big raise i got 4 years ago. How do i know when to put my retirement paperwork in. 9/29/18 if the high 5 starts October 1st. Otherwise wait a few months. 12/31/18. Blocked by moderator  Posted by MDShu (Questions: 0, Answers: 1)Answered on May 29, 2018 11:55 pm |
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Private answer In the past, anytime there is a big change in the retirement law, there is a lead time, for example, if they passed this new law today, they might say, anyone who is not retired by 12/31/2018, will have their annuity calculated using the high-5 rules. There is no way to project now what might happen. I am sure it will be posted everywhere, so check back often as we will have something IF it happens. Blocked by moderator Posted by Elaine Lumsden (Questions: 0, Answers: 570)Answered on May 31, 2018 1:30 am |