There are no guarantees. The variable annuity may be decreased to less than the initial monthly amount. Similarly, the variable portion of the payments will decrease whenever the adjusted investment is applied to annuities from required and additional contributions. Annuity Supplements have been provided by the Legislature to further compensate annuitants for erosion of their retirement benefits due to inflation. These supplements are not reflected in this brochure since they are paid directly out of state tax revenues rather than trust funds' earnings and are dependent on annual appropriations by the Legislature.
Amounts reflect calendar year experience.
Great effort has been made to ensure that the information in this circular is accurate. If the information in this circular should conflict with the law, the law must be followed.