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Defined Benefit Retirement Plan



These are features of the Army NAF Retirement Plan:

Effective 1 Jan 01, participation mandatory for new hires, re-hires and newly eligibles for the first 6 months of eligibility
   
Costs you 2% of Gross Wages
   
5 years participation > You will receive monthly benefit at retirement for life
   
Your contributions normally are returned within 1-3 years of monthly retirement benefits, then for the rest of your life, you will receive all NAF money. And your spouse will receive a benefit for the rest of his/her life too if you pre-decease your spouse.
   
May purchase up to 5 years of military service (provided the military service is not already providing you a retirement benefit, or you have not used the military service in another company's retirement plan) - Military Service Purchase Program
   
Credit for service of non-redeposit of retirement plan refunds

 

 

retirement planning


 



Retirement Plan Information Material:

 
Retirement Booklet
Retirement Plan Documents

John Hancock Logo

John Hancock

Valuation 2003

Valuation 2004
Valuation 2005
Valuation 2006
Valuation 2007
Valuation 2008

Valuation 2009
Valuation 2010
Valuation 2011

Valuation 2012

 


 
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