Social Security Level Income Option
Under this option, an employee may choose to have monthly pension annuity payments increased actuarially before his/her unreduced Social Security Retirement Age and, thereafter, payments decreased. This is intended to balance the combined income cash flow so as to remain relatively stable both before and after reaching the Social Security Retirement Age.
Planning Compensation Incentives That Maximize Workforce Engagement
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Common Compensation Terms and Formulas
- Includes the latest updates: Compensable factors, defined benefit plan, job leveling, lead differential, shift differential and more.
- Salary structure formulas and strategies