Message From The President Highlights It's A Defined Benefit Plan Sources Of Funding Buyer Beware Cost-Of-Living Adjustments Membership Benefit Changes Pension Commmittee Investment Committee Asset Mix Investments At December 31, 2000 Asset Types Investment Managers Custodian/Trustee Pension Plan Performance Financial Statements

You are in: The Plan : Publications : 2000 Annual Report : Benefit Changes   Benefit Changes No changes were made to the benefits payable under the Plan during 2000; however, in 2001 the Plan will be amended to reduce the contribution required for purchasing service during maternity and/or parental leave. Previously, members had to contribute at two times the normal rate to buy back this service. With the new amendment for a maternity leave or paternal leave on or after December 31, 1993, members may buy back service at the regular contribution rate. In addition, any member who paid two times the normal rate to purchase this service in the past will receive a refund. Copyright 2004. All rights reserved.