Central Pension Trustees Vote to Raise Accrual Rate

Posted on February 13, 2020 by - Member News

Central Pension Trustees Vote to Raise Accrual Rate .5% Bringing it to 1.75% Effective April 1, 2020

At Central Pension Fund’s 181st Regular Meeting, the Board of Trustees amended the Plan of Benefits to increase the Benefit Accrual Rate for Credited Future Service. The Benefit Accrual Rate is the rate applied to employer contributions made on behalf of participants to calculate the amount of their monthly retirement benefit.

Download Notice of Increase

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