New Annual Statement will help with retirement planning

As mentioned in our last newsletter, we are currently making efforts to help members meet their retirement income goals by determining their needs and improving our services. One of the places we are looking to upgrade is the Annual Statement, issued to each active member at mid year. The latest Annual Statement, covering data up to the end of 2009, combines the two-page Statement and the two-page Guide of the past into an integrated four-page document. This new presentation is designed to provide you as an active member with more useful information to help you understand the value of your benefit.

Also this year, you'll find that the Statement is tailor-made for each member's own situation. Only information that is relevant to you will appear. It will give you a record of the pension benefit you have earned, up to the end of the preceding year.

We hope you find the revamped Statement easier to read, with clearer information that will help to answer your most likely questions - when can I retire and how much might I get? - in a user friendly package. It can be a great tool for your retirement planning. If you are thinking about retirement, watch for an easier-to-use online pension calculator that will also help with your planning - coming soon!