Which date range corresponds to an 8% retirement increase?

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Multiple Choice

Which date range corresponds to an 8% retirement increase?

Retirement benefit increases (often a cost-of-living or special increase) are scheduled by the date a person begins receiving benefits. Each time window has its own percentage, so the correct window is the one that the plan assigns an 8% increase to. The 8% retirement increase applies to those who retired within the period from January 1, 1984 through June 30, 1996. Within this window the plan authorized the higher 8% adjustment, while dates outside this range are tied to different percentages or schedules. Specifically, retirees who started benefits before January 1, 1975 and those who began after June 30, 1996 fall under different increase rates, not the 8% level.

Retirement benefit increases (often a cost-of-living or special increase) are scheduled by the date a person begins receiving benefits. Each time window has its own percentage, so the correct window is the one that the plan assigns an 8% increase to.

The 8% retirement increase applies to those who retired within the period from January 1, 1984 through June 30, 1996. Within this window the plan authorized the higher 8% adjustment, while dates outside this range are tied to different percentages or schedules. Specifically, retirees who started benefits before January 1, 1975 and those who began after June 30, 1996 fall under different increase rates, not the 8% level.

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