Tables of various information related to making flex contributions.
-
Table 1: Growth of $1 invested now at different interest rates
Can multiply contribution by the number in the appropriate cell to determine what the contribution will grow to in so many years at a given interest rate.
-
Tables 2A: Value of maximum available Flex options per year of post 1989 service
Unique assumptions:
- Salary increases: 2%
- Increase in average industrial Wage and yearly maximum pensionable earnings: 1%
-
Tables 2B: Value of maximum available Flex options per year of post 1989 service
Unique assumptions:
- Salary increases: 4%
- Increase in average industrial wage and yearly maximum pensionable earnings: 3%
-
Tables 2C: Value of maximum available Flex options per year of post 1989 service
Unique assumptions:
- Salary increases: 6%
- Increase in average industrial wage and yearly maximum pensionable earnings: 5%
Table 1
|
Years invested | Average annual interest | ||
|---|---|---|---|
| 3.5% | 6.35% | 9.20% | |
|
1 |
1.04 |
1.06 |
1.09 |
|
2 |
1.07 |
1.13 |
1.19 |
|
3 |
1.11 |
1.20 |
1.30 |
|
4 |
1.15 |
1.28 |
1.42 |
|
5 |
1.19 |
1.36 |
1.55 |
|
6 |
1.23 |
1.45 |
1.70 |
|
7 |
1.27 |
1.54 |
1.85 |
|
8 |
1.32 |
1.64 |
2.02 |
|
9 |
1.36 |
1.74 |
2.21 |
|
10 |
1.41 |
1.85 |
2.41 |
|
11 |
1.46 |
1.97 |
2.63 |
|
12 |
1.51 |
2.09 |
2.88 |
|
13 |
1.56 |
2.23 |
3.14 |
|
14 |
1.62 |
2.37 |
3.43 |
|
15 |
1.68 |
2.52 |
3.74 |
|
16 |
1.73 |
2.68 |
4.09 |
|
17 |
1.79 |
2.85 |
4.46 |
|
18 |
1.86 |
3.03 |
4.88 |
|
19 |
1.92 |
3.22 |
5.32 |
|
20 |
1.99 |
3.43 |
5.81 |
|
21 |
2.06 |
3.64 |
6.35 |
|
22 |
2.13 |
3.87 |
6.93 |
|
23 |
2.21 |
4.12 |
7.57 |
|
24 |
2.28 |
4.38 |
8.27 |
|
25 |
2.36 |
4.66 |
9.03 |
|
26 |
2.45 |
4.96 |
9.86 |
|
27 |
2.53 |
5.27 |
10.76 |
|
28 |
2.62 |
5.61 |
11.76 |
|
29 |
2.71 |
5.96 |
12.84 |
|
30 |
2.81 |
6.34 |
14.02 |
Table 2A
Married
| Current age | 2012 salary | Age at retirement or termination | ||||
|---|---|---|---|---|---|---|
|
45
|
55
|
60
|
62
|
65
| ||
|
35 |
$40,000
|
10,000
|
12,600
|
6,200
|
3,400
|
1,700
|
|
$55,000
|
11,400
|
15,900
|
7,900
|
4,300
|
2,600
| |
|
$70,000
|
13,700
|
19,700
|
9,600
|
5,200
|
3,500
| |
|
45
|
$40,000
|
9,100
|
11,400
|
5,600
|
3,100
|
1,400
|
|
$60,000
|
10,200
|
14,200
|
7,100
|
3,900
|
2,300
| |
|
$80,000
|
12,800
|
18,400
|
9,000
|
4,800
|
3,300
| |
|
55
|
$40,000
|
N/A
|
10,400
|
5,100
|
2,800
|
1,300
|
|
$65,000
|
N/A
|
12,700
|
6,300
|
3,400
|
2,000
| |
|
$95,000
|
N/A
|
17,800
|
8,600
|
4,600
|
3,200
| |
|
60
|
$40,000
|
N/A
|
N/A
|
4,900
|
2,700
|
1,200
|
|
$75,000
|
N/A
|
N/A
|
6,500
|
3,500
|
2,200
| |
|
$110,000
|
N/A
|
N/A
|
8,900
|
4,700
|
3,400
| |
Single
| Current age | 2012 salary | Age at retirement or termination | ||||
|---|---|---|---|---|---|---|
|
45
|
55
|
60
|
62
|
65
| ||
|
35 |
$40,000
|
8,700
|
11,400
|
5,100
|
2,300
|
700
|
|
$55,000
|
9,700
|
14,200
|
6,100
|
2,600
|
1,100
| |
|
$70,000
|
11,500
|
17,300
|
7,200
|
2,800
|
1,400
| |
|
45
|
$40,000
|
7,900
|
10,400
|
4,600
|
2,100
|
600
|
|
$60,000
|
8,700
|
12,700
|
5,500
|
2,300
|
900
| |
|
$80,000
|
10,700
|
16,200
|
6,700
|
2,600
|
1,300
| |
|
55
|
$40,000
|
N/A
|
9,400
|
4,100
|
1,900
|
500
|
|
$65,000
|
N/A
|
11,300
|
4,900
|
2,100
|
800
| |
|
$95,000
|
N/A
|
15,600
|
6,400
|
2,400
|
1,300
| |
|
60
|
$40,000
|
N/A
|
N/A
|
3,900
|
1,800
|
500
|
|
$75,000
|
N/A
|
N/A
|
5,000
|
2,100
|
900
| |
|
$110,000
|
N/A
|
N/A
|
6,500
|
2,400
|
1,400
| |
Assumptions:
- Real rate of return: 3.85%
- Salary increases: 2%
- Increase in average industrial wage and yearly maximum pensionable earnings: 1%
- Normal form of pension: payable for life, with 120 monthly payments guaranteed
- Post retirement indexing: 100% of consumer price index
- Mortality: uninsured pensioner table 1994 projected to 2015 (75% male, 25% female split)
- Spousal age: spouse assumed to be 2 years younger than member
Table 2B
Married
| Current age | 2012 salary | Age at retirement or termination | ||||
|---|---|---|---|---|---|---|
|
45
|
55
|
60
|
62
|
65
| ||
|
35 |
$40,000
|
11,900
|
18,200
|
10,000
|
5,800
|
2,900
|
|
$55,000
|
13,600
|
23,100
|
12,700
|
7,200
|
4,500
| |
|
$70,000
|
16,400
|
28,500
|
15,400
|
8,600
|
6,000
| |
|
45
|
$40,000
|
8,800
|
13,500
|
7,400
|
4,200
|
2,000
|
|
$60,000
|
10,100
|
17,000
|
9,400
|
5,300
|
3,300
| |
|
$80,000
|
12,900
|
21,900
|
11,800
|
6,600
|
4,700
| |
|
55
|
$40,000
|
N/A
|
10,100
|
5,500
|
3,100
|
1,500
|
|
$65,000
|
N/A
|
12,500
|
6,900
|
3,900
|
2,400
| |
|
$95,000
|
N/A
|
17,400
|
9,300
|
5,200
|
3,800
| |
|
60
|
$40,000
|
N/A
|
N/A
|
4,700
|
2,700
|
1,300
|
|
$75,000
|
N/A
|
N/A
|
6,400
|
3,600
|
2,300
| |
|
$110,000
|
N/A
|
N/A
|
8,800
|
4,800
|
3,700
| |
Single
| Current age | 2012 salary | Age at retirement or termination | ||||
|---|---|---|---|---|---|---|
|
45
|
55
|
60
|
62
|
65
| ||
|
35 |
$40,000
|
10,400
|
16,500
|
8,200
|
3,900
|
1,200
|
|
$55,000
|
11,700
|
20,600
|
9,900
|
4,300
|
1,800
| |
|
$70,000
|
13,800
|
25,200
|
11,600
|
4,800
|
2,500
| |
|
45
|
$40,000
|
7,700
|
12,300
|
6,000
|
2,900
|
800
|
|
$60,000
|
8,600
|
15,200
|
7,300
|
3,200
|
1,300
| |
|
$80,000
|
10,500
|
19,300
|
8,800
|
3,600
|
1,900
| |
|
55
|
$40,000
|
N/A
|
9,100
|
4,500
|
2,100
|
600
|
|
$65,000
|
N/A
|
11,200
|
5,400
|
2,400
|
1,000
| |
|
$95,000
|
N/A
|
15,300
|
6,900
|
2,800
|
1,600
| |
|
60
|
$40,000
|
N/A
|
N/A
|
3,900
|
1,900
|
500
|
|
$75,000
|
N/A
|
N/A
|
4,800
|
2,100
|
1,000
| |
|
$110,000
|
N/A
|
N/A
|
6,400
|
2,500
|
1,500
| |
Assumptions:
- Real rate of return: 3.85%
- Salary increases: 4%
- Increase in average industrial wage and yearly maximum pensionable earnings: 3%
- Normal form of pension: payable for life, with 120 monthly payments guaranteed
- Post retirement indexing: 100% of consumer price index
- Mortality: uninsured pensioner table 1994 projected to 2015 (75% male, 25% female split)
- Spousal Age: spouse assumed to be 2 years younger than Member
Table 2C
Married
| Current age | 2012 salary | Age at retirement or termination | ||||
|---|---|---|---|---|---|---|
|
45
|
55
|
60
|
62
|
65
| ||
|
35 |
$40,000
|
14,100
|
26,000
|
15,900
|
9,600
|
5,100
|
|
$55,000
|
16,300
|
33,300
|
20,200
|
11,900
|
7,700
| |
|
$70,000
|
19,600
|
41,000
|
24,400
|
14,200
|
10,400
| |
|
45
|
$40,000
|
8,600
|
16,000
|
9,600
|
5,700
|
2,800
|
|
$60,000
|
9,900
|
20,300
|
12,300
|
7,200
|
4,700
| |
|
$80,000
|
12,400
|
26,000
|
15,400
|
9,000
|
6,700
| |
|
55
|
$40,000
|
N/A
|
9,800
|
5,900
|
3,500
|
1,700
|
|
$65,000
|
N/A
|
12,300
|
7,500
|
4,400
|
2,800
| |
|
$95,000
|
N/A
|
17,100
|
10,100
|
5,800
|
4,500
| |
|
60
|
$40,000
|
N/A
|
N/A
|
4,600
|
2,700
|
1,400
|
|
$75,000
|
N/A
|
N/A
|
6,300
|
3,700
|
2,500
| |
|
$110,000
|
N/A
|
N/A
|
8,600
|
4,900
|
3,900
| |
Single
| Current age | 2012 salary | Age at retirement or termination | ||||
|---|---|---|---|---|---|---|
|
45
|
55
|
60
|
62
|
65
| ||
|
35 |
$40,000
|
12,300
|
23,600
|
13,100
|
6,500
|
2,100
|
|
$55,000
|
14,000
|
29,700
|
15,700
|
7,200
|
3,200
| |
|
$70,000
|
16,500
|
36,200
|
18,400
|
7,900
|
4,200
| |
|
45
|
$40,000
|
7,600
|
14,500
|
7,900
|
4,000
|
1,200
|
|
$60,000
|
8,500
|
18,100
|
9,600
|
4,400
|
1,900
| |
|
$80,000
|
10,400
|
23,000
|
11,600
|
5,000
|
2,700
| |
|
55
|
$40,000
|
N/A
|
8,900
|
4,900
|
2,400
|
700
|
|
$65,000
|
N/A
|
11,000
|
5,900
|
2,700
|
1,200
| |
|
$95,000
|
N/A
|
15,000
|
7,500
|
3,100
|
1,800
| |
|
60
|
$40,000
|
N/A
|
N/A
|
3,800
|
1,900
|
600
|
|
$75,000
|
N/A
|
N/A
|
4,900
|
2,200
|
1,000
| |
|
$110,000
|
N/A
|
N/A
|
6,300
|
2,600
|
1,600
| |
Assumptions:
- Real rate of return: 3.85%
- Salary increases: 6%
- Increase in average industrial wage and yearly maximum pensionable earnings: 5%
- Normal form of pension: payable for life, with 120 monthly payments guaranteed
- Post retirement indexing: 100% of consumer price index
- Mortality: uninsured pensioner table 1994 projected to 2015 (75% male, 25% female split)
- Spousal age: spouse assumed to be 2 years younger than member