Oregon-Washington Carpenters-Employers Retirement Benefit Modeling Tool

Personalized Benefit Projection

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Quit
at 58

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Retire
at 58

The post-retirement shore-up benefit is not automatic. The Trustees will review the sufficiency of the reserves and may decide to shore-up benefits. This review is done annually and any shore-up decision is effective for 12 months.

The following assumptions were used and are for illustration only:

You are assumed to meet the Recency test at retirement if you input 400 or more assumed hours.
Your benefit earning contribution rate is estimated based on your total benefit earning contributions and total hours worked for the plan year ending 2020. To the extent the actual rate contributed is different, your benefit at retirement will be different. Actual benefits will depend on actual hours worked, actual hourly benefit earning contribution rate, and actual plan investment returns.

Investment return assumptions: The tool includes historical returns from 1927 through 2019. If the projection to age 85 extends beyond the 2019 historical data, the tool uses an assumed 6% rate of return. For example, if you enter 1994 for the starting year but your projection goes out 50 years, the tool will assume historical returns for the first 25 years and 6% for the second 25 years.

Investment mix assumptions: We assumed the funds are invested in a 55% stock / 45% bond mix. The historical stock and bond returns used are Ibbotson’s US large stock returns and Long-term Corporate Bond returns.

Helpful Hints:

The modeling tool works best with Google Chrome or Windows Internet Explorer.
To reset the modeling tool to its original settings, refresh the browser by pressing the F5 key (Chrome) or Ctrl F5 (Internet Explorer).

INSTRUCTIONS:

Start by entering your demographic and benefit information below using data from your June 30, benefit statement.

Then change the amounts below and see what your benefit might be under different circumstances, such as retiring at a different age or the plan's investment returns are higher or lower.

DEMOGRAPHIC INFORMATION

Your date of birth:

Your years of service as of June 30, :

Were you at least age 50 with 25 Years of Service as of July 1, 2017:

Age you plan to quit working and start benefits:

BENEFIT INFORMATION

Traditional Retirement Monthly Benefit:

Sustainable Income Benefit (Underlying) Benefit (SIB) as of July 1, :

SIB High Water Mark as of July 1, :

Your total benefit earning contributions for plan year ending June 30, :

Total hours you worked in plan year ending June 30, :

Expected hours worked in future plan years:

INVESTMENT INFORMATION

To see how your pension grows using an average investment return (a smooth ride) enter the investment return between 4% to 8% (and uncheck the box under historical investment returns).

Consistent future investment returns of:

OR
To see how your pension grows using a period of actual historical returns since the year shown below, with the shore-up benefit to smooth out the bumpy ride, check the box below (and change the year, if desired).

Historic investment returns starting in year: