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Yearly Pension IncreasesYour pension will be increased by 3 percent of your original pension amount on January 1 of each year. You can find the amount of your increase on your Certificate of Benefits. This increased amount does not change and is not compounded; that is, it is always 3 percent of your original pension amount, not 3 percent of your current pension payment.
If you retire partway through a yearIf you retire after January 1 of a given year, your 3 percent increase will be prorated.
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Last Updated by JB
on 05/10/01
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