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1818 Society Annual MeetingOctober 14, 2010
Sharada Sundar
Acting Manager, Pension Administration
(as of September 30, 2010)
Age Bracket Gross Plan Net Plan
Age 20 - 29 0 854
Age 30 - 39 10 4331
Age 40 - 49 750 4134
Age 50 - 59 1474 2102
Age 60 and over 198 216
Total 2432 11637
Average Age 53 42
Age Bracket Gross Plan Net Plan
Age Less than 50 3 0
Age 50 - 59 838 28
Age 60- - 69 2970 181
Age 70 - 79 1923 0
Age 80 - 89 725 0
Age 90 and over 85 0
Total 6,544 209
GROSS PLAN
WITHDRAWALS EARLY RETIREMENT NORMAL RETIREMENT DEFERRED RETIREMENTNumber Age Service Number Age Service Number Age Service Number Age Service
2005 2 37.1 7.5 178 56.4 23.5 89 62.5 19.0 24 44.5 13.52006 1 37.0 5.0 170 56.8 24.3 95 62.3 21.0 13 43.6 11.92007 1 35.8 13.5 174 56.5 24.2 74 62.3 20.9 33 45.9 13.82008 0 NA NA 153 57.1 23.5 81 62.3 22.0 10 44.8 15.52009 0 NA NA 125 56.8 24.3 71 62.6 21.9 9 46.4 14.52010 0 NA NA 94 56.3 23.4 54 62.4 21.9 6 49.9 17.9
NET PLAN
WITHDRAWALS EARLY RETIREMENT NORMAL RETIREMENT DEFERRED RETIREMENT
Number Age Service Number Age Service Number Age Service Number Age Service
2005 726 38.2 3.3 1 61.3 10.9 4 62.1 16.4 7 45.9 10.5
2006 757 38.3 3.5 1 58.4 8.2 3 62.1 15.5 5 53.2 12.0
2007 773 37.6 3.5 2 56.8 14.8 28 62.1 12.1 15 52.0 11.1
2008 705 37.7 3.6 11 55.5 10.1 25 62.4 11.0 35 50.3 10.6
2009 401 38.5 3.4 17 57.8 11.0 51 62.3 11.6 29 46.7 11.1
2010 405 36.0 2.8 3 56.1 11.6 35 62.1 12.2 18 51.0 11.5
Top 10 Countries of Residence
United States 4,969
United Kingdom 289
France 262
Canada 123
India 111
Australia 100
Germany 84
Japan 67
Chile 56
Austrian 51
Year USDOther
Currencies
New Currency Elections
NumberUSD
Payments
NumberNon-USD Payments
PercentNon-USD
2006 313,609,279 40,362,797 85 6,427 740 10.33%
2007 333,028,135 50,714,844 125 6,423 852 11.71%
2008 362,330,640 64,203,139 144 6,635 954 12.57%
2009 384,987,864 66,190,078 80 6,649 964 12.66%
2010 YTD 303,642,118 50,830,803 42 6,837 1,034 13.14%
• For USD - Department of Labor Statistics – CPI-U (Consumer Price Index for all urban
consumers)
• For other currencies - IMF International Financial Statistics– EUR – Monetary Union Index of Consumer Prices
– Other currencies – country-specific CPI
• Timing - latest data available for May 1 effective date– US – March CPI
– Other currencies – latest information available in IMF database the last business day of April
• Calculation - index for current year divided by index for highest previous year– If greater than 1, pension is increased
– If less than 1 (i.e. deflation), no change in pension
• Life certificates will be mailed out the last week in January
• You must sign the Life Certificate and have your signature witnessed by a non-family member
• Your duly completed Life Certificate must reach our office by April 30, 2011. (Over 200 were still outstanding April 30, 2010)
• Non-receipt of your Life Certificate will result in the suspension of your pension payment due at the end of May. We suspended 45 pension payments.
• Please allow one business day for Pension Administration staff to reprint your life certificate