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 Hanford Site Pension Plans

 

Hanford Site Pension Plan Changes (Effective:  January 1, 2014)

 

  • 2023 Annual Lump Sum Factors for the 10 Year Certain (PDF)
    These factors apply to your Grandfathered HAMTC benefit or the portion of your benefit earned prior to 1/1/2014 as a 10 Year Certain and Life.  The lump sum factors are based on the August 2022 PPA segment rates and change annually. In order for the 2023 rates to apply, distribution forms must be submitted to HMIS Benefits prior to December 1, 2023.

Note: Lump sum factors are available by November 1st for the next calendar year. If you are considering retiring near year end, you may want to review the factors for both years.

  • 2023 Annual Lump Sum Factors for the Straight Life Annuity (PDF)
    These factors apply to the portion of your benefit earned after 12/31/2013 as a Straight Life Annuity. The lump sum factors are based on the August 2022 PPA segment rates and change annually. In order for the 2023 rates to apply, distribution forms must be submitted to HMIS Benefits prior to December 1, 2023.

Note: Lump sum factors are available by November 1st for the next calendar year. If you are considering retiring near year end, you may want to review the factors for both years.

  • 2024 Annual Lump Sum Factors for the 10 Year Certain (PDF)
    These factors apply to your Grandfathered HAMTC benefit or the portion of your benefit earned prior to 1/1/2014 as a 10 Year Certain and Life.  The lump sum factors are based on the August 2023 PPA segment rates and change annually. In order for the 2024 rates to apply, distribution forms must be submitted to HMIS Benefits prior to December 1, 2024.

Note: Lump sum factors are available by November 1st for the next calendar year. If you are considering retiring near year end, you may want to review the factors for both years.

  • 2024 Annual Lump Sum Factors for the Straight Life Annuity (PDF)
    These factors apply to the portion of your benefit earned after 12/31/2013 as a Straight Life Annuity. The lump sum factors are based on the August 2023 PPA segment rates and change annually. In order for the 2024 rates to apply, distribution forms must be submitted to HMIS Benefits prior to December 1, 2024.

Note: Lump sum factors are available by November 1st for the next calendar year. If you are considering retiring near year end, you may want to review the factors for both years.

 

 

 

 

 

 

 

 

 

Last Updated 07/18/2024 6:35 AM