sharada sundar acting manager, pension...
TRANSCRIPT
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1818 Society Annual MeetingOctober 14, 2010
Sharada Sundar
Acting Manager, Pension Administration
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(as of September 30, 2010)
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Age Bracket Gross Plan Net Plan
Age 20 - 29 0 854
Age 30 - 39 10 4331
Age 40 - 49 750 4134
Age 50 - 59 1474 2102
Age 60 and over 198 216
Total 2432 11637
Average Age 53 42
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Age Bracket Gross Plan Net Plan
Age Less than 50 3 0
Age 50 - 59 838 28
Age 60- - 69 2970 181
Age 70 - 79 1923 0
Age 80 - 89 725 0
Age 90 and over 85 0
Total 6,544 209
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GROSS PLAN
WITHDRAWALS EARLY RETIREMENT NORMAL RETIREMENT DEFERRED RETIREMENTNumber Age Service Number Age Service Number Age Service Number Age Service
2005 2 37.1 7.5 178 56.4 23.5 89 62.5 19.0 24 44.5 13.52006 1 37.0 5.0 170 56.8 24.3 95 62.3 21.0 13 43.6 11.92007 1 35.8 13.5 174 56.5 24.2 74 62.3 20.9 33 45.9 13.82008 0 NA NA 153 57.1 23.5 81 62.3 22.0 10 44.8 15.52009 0 NA NA 125 56.8 24.3 71 62.6 21.9 9 46.4 14.52010 0 NA NA 94 56.3 23.4 54 62.4 21.9 6 49.9 17.9
NET PLAN
WITHDRAWALS EARLY RETIREMENT NORMAL RETIREMENT DEFERRED RETIREMENT
Number Age Service Number Age Service Number Age Service Number Age Service
2005 726 38.2 3.3 1 61.3 10.9 4 62.1 16.4 7 45.9 10.5
2006 757 38.3 3.5 1 58.4 8.2 3 62.1 15.5 5 53.2 12.0
2007 773 37.6 3.5 2 56.8 14.8 28 62.1 12.1 15 52.0 11.1
2008 705 37.7 3.6 11 55.5 10.1 25 62.4 11.0 35 50.3 10.6
2009 401 38.5 3.4 17 57.8 11.0 51 62.3 11.6 29 46.7 11.1
2010 405 36.0 2.8 3 56.1 11.6 35 62.1 12.2 18 51.0 11.5
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Top 10 Countries of Residence
United States 4,969
United Kingdom 289
France 262
Canada 123
India 111
Australia 100
Germany 84
Japan 67
Chile 56
Austrian 51
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Year USDOther
Currencies
New Currency Elections
NumberUSD
Payments
NumberNon-USD Payments
PercentNon-USD
2006 313,609,279 40,362,797 85 6,427 740 10.33%
2007 333,028,135 50,714,844 125 6,423 852 11.71%
2008 362,330,640 64,203,139 144 6,635 954 12.57%
2009 384,987,864 66,190,078 80 6,649 964 12.66%
2010 YTD 303,642,118 50,830,803 42 6,837 1,034 13.14%
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• For USD - Department of Labor Statistics – CPI-U (Consumer Price Index for all urban
consumers)
• For other currencies - IMF International Financial Statistics– EUR – Monetary Union Index of Consumer Prices
– Other currencies – country-specific CPI
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• Timing - latest data available for May 1 effective date– US – March CPI
– Other currencies – latest information available in IMF database the last business day of April
• Calculation - index for current year divided by index for highest previous year– If greater than 1, pension is increased
– If less than 1 (i.e. deflation), no change in pension
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• Life certificates will be mailed out the last week in January
• You must sign the Life Certificate and have your signature witnessed by a non-family member
• Your duly completed Life Certificate must reach our office by April 30, 2011. (Over 200 were still outstanding April 30, 2010)
• Non-receipt of your Life Certificate will result in the suspension of your pension payment due at the end of May. We suspended 45 pension payments.
• Please allow one business day for Pension Administration staff to reprint your life certificate
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