Once retired, the pension security will last a lifetime. Your defined benefit pension is funded by member contributions, employer contributions and investment earnings.
Once retired, the pension security will last a lifetime. Your defined benefit pension is funded by member contributions, employer contributions and investment earnings.
Your MEPP pension is based on salary and years of service, not the investment markets. You can estimate your life-long pension income and then plan your retirement with confidence. This is one of the values of a defined benefit pension.
A MEPP pension offers features such as cost-of-living adjustments for retired members and early retirement options.
