Retirement
Frequently Asked Questions
Q) What is the payment value for
2005?
A) Rates are as follows:
| Variable Fund |
$7.81470 |
| Portfolio A Fund |
$3.09460 |
| Alternate Variable Fund |
$3.39220 |
Please refer to the Payment Value
page for more information.
Q) What is the Cost of Living Adjustment (COLA)
for 2005?
A) Eligible participants will receive a 2% Cost
of Living Adjustment (COLA) on their fixed benefit. You will receive
a statement from Northern Trust with your new pension amount and any
deductions on or before January 1, 2005.
Q) Which retirement plan am I in?
A) According to your hire date as follows:
- Before January 1, 1993 your retirement
benefits are in the Aerospace
Employees Retirement Plan (AERP).
-
After January 1, 1993, you are in the Aerospace Savings Account
Plan (ASAP).
Q) Can I have direct deposit for my pension?
A) Yes, contact Northern Trust.
Q) Can I change my Federal tax withholding from
my retirement benefits over the telephone?
A) No. However you may complete a tax withholding form
and mail to the Retirement office.
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Send any questions or comments regarding this service to retirementoffice@aero.org.
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