A 2 percent experience apportionment for the Pension Plan takes effect July 1, 2020, as approved by the Board of Directors. The apportionment represents an eight-year cumulative increase of 26.4 percent.
The experience apportionment affects Pension Plan participants differently, depending upon their status. Beginning in July
These members will be notified of the increase next month when they also will be able to view their projected pension benefit through enhanced access to Benefits Connect.
The Pension Plan's funded status as of December 31, 2019, was 123.8 percent.
Learn more about the experience apportionment process.