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Hanford Site Pension Plans
 Hanford Site Pension Plans

 

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

 

  • 2021 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 2020 PPA segment rates and change annually. In order for the 2021 rates to apply, distribution forms must be submitted to HMIS Benefits prior to December 1, 2021.

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.

  • 2021 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 2020 PPA segment rates and change annually. In order for the 2021 rates to apply, distribution forms must be submitted to HMIS Benefits prior to December 1, 2021.

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.

  • 2022 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 2021 PPA segment rates and change annually. In order for the 2022 rates to apply, distribution forms must be submitted to HMIS Benefits prior to December 1, 2022.

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.

  • 2022 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 2021 PPA segment rates and change annually. In order for the 2022 rates to apply, distribution forms must be submitted to HMIS Benefits prior to December 1, 2022.

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 12/11/2021 9:51 AM