Table 2.
Assignment of Provisions to Individuals
| Retiree Health Provisions | |||
|---|---|---|---|
|
| |||
| Service | Age 55–59 | Age 60–64 | Age 65–69 |
| 1–4 years | New hires | New hires | New hires |
| 5–9 years | 2020 | 2010 | 2010 |
| 10+ years | 2010 | 2010 | 2010 |
| Defined Benefit Provisions | |||
|---|---|---|---|
|
| |||
| 1) Generosity, Formula, and Eligibility | |||
|
| |||
| Service | Age 55–59 | Age 60–64 | Age 65–69 |
| 1–4 years | New hires | New hires | New hires |
| 5–9 years | 2020 | 2020 | 2020 |
| 10+ years | 2010 | 2010 | 2010 |
|
| |||
| 2) Plan Status | |||
|
| |||
| Hire Date >Close Date | → | No DB | |
| Hire Date < Close Date | → | Covered | |
| Year < Freeze Date | → | Open | |
| Year > Freeze Date | → | Frozen | |
| Defined Contribution Provisions | |||
|---|---|---|---|
|
| |||
| Service | Age 55–59 | Age 60–64 | Age 65–69 |
| 1–4 years | New hires | New hires | New hires |
| 5–9 years | 2020 | 2020 | 2010 |
| 10+ years | 2010 | 2010 | 2010 |