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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

	Provides 55% Survivor Benefit

	Provides only form of disability pay other than sick leave

	Provides Supplemental Early Retirement Benefit

	Eligible for free Life Insurance if you meet the minimum participation requirements

	Eligible for Retiree Medical Insurance if you meet minimum participation requirements. You pay only 30% of the retiree medical premium.

	Annual Cost of Living adjustments (COLA)

	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 Plan Information Material:

Retirement Booklet
Retirement Plan Documents
Retirement Projections (updated Jan 2011)

John Hancock

Valuation 2003
Valuation 2004
Valuation 2005
Valuation 2006
Valuation 2007
Valuation 2008

Valuation 2009
Valuation 2010

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