Benefit Connections    FAQ
What is a cash balance benefit?

Your cash balance benefit is based on the amount held in a notional, or theoretical, account for you. This account includes your Compensation Credits, Interest Credits and if you are eligible, Transition Credits. The Salary Pension Plan the cash balance benefit formula was implemented effective January 1, 2021. The Hourly Pension Plan cash balance benefit formula was implemented effective January 1, 2023.