FIM 2017 Retirement Symposium

SSB Sample Pension Calculation

D.O.B 22-October-1955 62 nd Birthday 22-October-2017

ANANSI SPIDERMAN

Total Contributions 1,174 Rate of Pension 48%

Contributions Replacement Rate Contributions Replacement Rate 500 - 549 30% of wages 1,150 - 1,199 48% of wages

Three Best Years

550 - 599

32% of wages

1,200 - 1,249

49% of wages

2012 [53 Weeks]

$68,014.99

600 - 649

34% of wages

1,250 - 1,299

50% of wages

2016 [52 Weeks]

$61,920.00

650 - 699

36% of wages

1,300 - 1,349

51% of wages

2017 [52 Weeks]

$61,920.00

700 - 749

38% of wages

1,350 - 1,399

52% of wages

Total Wages $191,854.99

=

750 - 799

40% of wages

1,400 - 1,449

53% of wages

800 - 849

41% of wages

1,450 - 1,499

54% of wages

= $191,854.99 ÷ 3

Avg. Annual Wage

850 - 899

42% of wages

1,500 - 1,549

55% of wages

= $63,951.66

900 - 949

43% of wages

1,550 - 1,599

56% of wages

950 - 999

44% of wages

1,600 - 1,649

57% of wages

= $63,951.66 x 48%

Annual Pension

1,000 - 1,049

45% of wages

1,650 - 1,699

58% of wages

= $30,696.80

1,050 - 1,099

46% of wages

1,700 - 1,749

59% of wages

1,100 - 1,149

47% of wages

1,750 - 1,799

60% of wages

= $30,696.80 ÷ 12 = $2,558.07

Monthly Pension