Calculator Randall Porter Presenter The Department of Employee - - PowerPoint PPT Presentation

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Calculator Randall Porter Presenter The Department of Employee - - PowerPoint PPT Presentation

Jun 29, 2023 532 likes •688 views

How To Use Our Online Calculator Randall Porter Presenter The Department of Employee Trust Funds has made every effort to ensure that this webinar is current and accurate. However, changes in the law or processes since 1 How to use the Online

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Presenter

The Department of Employee Trust Funds has made every effort to ensure that this webinar is current and accurate. However, changes in the law or processes since the last revision to this webinar may mean that some details are not current. Please contact ETF if you have any questions about a particular topic in this webinar.

How To Use Our Online Calculator

Randall Porter

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How to Participate:

Click to maximize dashboard Ask questions here.

Questions are answered at the end of the presentation.

You will be muted for the entire webinar.

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Getting Started

  • Most recent Statement of Benefits
  • Possible retirement date
  • Spouse or Partner date of birth
  • Social Security estimate if under age 62
  • etf.wi.gov
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Click Here

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Use HELP Guide

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ET-4117 “Choosing an Annuity Option” Page 3

Brochure ET-4117 “Choosing an Annuity Option” Pages 3 - 5

On-Line www.ssa.gov

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Annual Statement of Benefits

Use Total High Years Money Purchase

Use Most Recent

Years of Service Employment Categories

Variable Excess or Deficiency

Additional Contributions

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Earnings and Service information is found in Section 8 of your Statement of Benefits Years of Creditable Service information is found in Section 2 of your Annual Statement of Benefits Section 8 of Statement of Benefits Excess is Positive (+) Deficiency is Negative (-)

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Section 9 of Statement of Benefits Section 4 of Statement of Benefits

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How to Estimate Your Money Purchase Balance

  • Current Money Purchase Balance
  • Calculate 10 % of your current salary
  • Add to current Money Purchase Balance
  • Repeat calculation for every additional year
  • (estimate only and could be less than actual balance)
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  • Regular visits statewide
  • Daytime group retirement appointments
  • Retirement packet required
  • Appointment required
  • Evening benefits presentations
  • New and mid-career employees
  • Nearing retirement
  • Visit etf.wi.gov/member_education.htm

and click Face-to-Face to learn more.

Face-to-Face Events

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Questions?

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Stay Connected

etf_wi etf.wi.gov

608-266-3285 1-877-533-5020 ETF E-mail Updates

The Department of Employee Trust Funds has made every effort to ensure that this webinar is current and accurate. However, changes in the law or processes since the last revision to this webinar may mean that some details are not current. Please contact ETF if you have any questions about a particular topic in this webinar.