Retirement Benefits
QUICK LINKS
Hybrid Plan Video Time Stamp
00:58 Hybrid Plan Video
08:43 Social Security
09:04 Windfall Provision
10:45 457(b) Plan Deferred Compensation
11:46 Tax Savings 457(b)
12:20 Fee Leveling
13:06 Fund Line Up
13:36 Rollover Options
15:09 Example Why It’s Important to Start Early
17:34 Austin Maness Contact Information
18:12 What happens if you live past your life expectancy
18:53 Where does funding come from if an individual lives past their life expectancy
20:19 How much of your final pay can you roll over?
21:24 Can you roll over all the DROP money?
21:30 Can a lump sum be taken from an account before it is annuitized?
23:56 Under the 401(a), do you have to take an annuity?
24:19 Annuity vs. lump sum
27:53 Under the 457(b), what is the initial interest rate?
28:26 Under the 457(b) what are the benefits of pre-tax contributions?
29:36 Pre-Tax vs. Roth Contribution
30:22 Can you leave your money in an account after you retire?
30:59 Do you have to start taking withdrawals once you leave the City?
31:45 Can you see your contributions on the Empower Mobil App?
32:13 Can you change your *% contribution under the Hybrid Plan?
32:53 How quickly can you receive your money after retirement?
39:49 How is my pension calculated?
42:25 Once an employee is ready, at what time should the pension office be notified?
47:56 What happens to the funds in the 1978 Pension Plan?
50:58 When you sign up for the DROP will it count the year, I signed up to calculate my pension?
51:22 Are you still considered active when you sign up for the DROP?
52:24 After an employee sign up for the DROP Program, do any increases in a pay go towards the pension?
53:00 After an employee sign up for the DROP Program, do any increases in pay go towards the pension?
56:17 Who do I contact if I have questions about my retirement?
56:34 Is there a maximum percentage for receiving you pension?
58:10 Calculating the pension un the 1978 Plan