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Hines Estimate of Benefits

Hines Estimate of Benefits

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224 views2 pages

Hines Estimate of Benefits

Hines Estimate of Benefits

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TMJ4 News
Copyright
© © All Rights Reserved
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Estimate of Benefits

City of Milwaukee Employes’ Retirement System (ERS)


Estimate Date: 11/19/2024
Retirement Type: Regular Retirement Sub Type: Service
MEMBER INFORMATION
NAME: FIRST: WILLIE MI: LAST: HINES
ADDRESS: PERSON ID:
ADDRESS: DATE OF BIRTH:
AGE ADJUSTMENT DUE TO ERI
BONUS :
CITY: STATE: ZIP: ENROLLMENT: 04/16/1996
PROVINCE: POSTAL CODE: COUNTRY: USA
BENEFIT STRUCTURE: General City PROJECTED DATE OF RETIREMENT: 01/01/2025
EMPLOYER: HOUSING AUTHORITY - CITY OF
POSITION: SECRETARY-EXECUTIVE DIRE
MILWAUKEE
MEMBER ACCOUNT INFORMATION
Open Contract PSO in Effect GPS Consent Limited Benefit End Date:
Accumulated Account Balance: $275,740.57 Annual Final Average Salary: $239,795.15
SERVICE CREDIT & QUALIFYING TIME INFORMATION
SERVICE CREDIT: ADDITIONAL SERVICE CREDIT: QUALIFYING TIME:
Total Earned City Service
Credit: 27.4787 Military: Current: 27.5319
Projected: 0.1807 Imputed: Projected: 0.1807
Duty Disability: F&P Dissolution: ERI-Service Bonus:
Total Qualifying: 27.7126
ERI – Service Bonus: Seasonal:
Total Additional Service Credit: 0.0000 County:
State:
Total Additional Health Insurance -
Total Service Credit: 27.6594 Credit: 0.0000 City Service Credit: 27.6594
REQUESTED SURVIVOR(S) DETAIL FOR THIS ESTIMATE
NAME: PERCENTAGE: RELATION: DATE OF BIRTH:
100.00% Spouse

CURRENT BENEFICIARY DETAIL


NAME: PERCENTAGE: RELATION: DEATH BENEFIT: LIFE TIME ANNUITY:
100.00% Spouse $395,638.15 $2,463.99

ESTIMATED MONTHLY PENSION RETIREMENT ALLOWANCE


SURVIVORSHIP OPTION: MEMBER MONTHLY BENEFIT: SURVIVOR MONTHLY BENEFIT:
Maximum Option $12,835.12 N/A

Option 2 (100% Survivorship) $11,251.26 $11,251.26

Option 3 (50% Survivorship) $12,193.36 $6,096.68

Option 4 (75.00% Survivorship) $11,609.36 $8,707.02

GPS LUMP SUM BENEFIT


GPS Lump-Sum Benefit: $75,583.71

• This data reflects the most current information available.


• The Protective Survivorship Option deadline date is 12/17/2024
• To be considered for City health insurance coverage, you must have 15 years of City service
credit.
• CITY RETIREE HEALTH INSURANCE RELATED INFORMATION: If you or any of your
dependents are over the age of 65 years, or otherwise eligible for Medicare as of your
retirement date, you and/or your dependent(s) must be enrolled in Medicare Parts A and B at
the time of your retirement. Apply for Medicare benefits two (2) months prior to your
planned retirement date.
Rev: 10/10/17

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