Table 2
Calculation of Initial Retirement Benefits1
Minimum Income Level $18,000
			Gp 1	Gp 2	Gp 3	Gp 4	Gp 5	Inc. Level Insurance
1a	Bond Fund Value2		$40,015	$57,144	$99,407	$148,224	$176,881	$212,399
	Annuity @ 2%		$2,447	$3,495	$6,079	$9,065	$10,817	$12,990
b	Stock Fund Annuity3		$146,609	$219,112	$303,955	$446,353	$546,623
	Value @ 5%		$11,764	$17,582	$24,390	$35,817	$43,862
c	Total Annuity Value		$14,211	$21,077	$30,470	$44,881	$54,680
2a	Income Insurance		$3,789	$0	$0	$0	$0	$3,789
	Total Income		$18,000	$21,077	$30,470	$44,881	$54,680
b	Dividend Paid		$0,706	$0,758	$1,436	$2,535	$2,739	$9,201
c	Initial Retirement Benefit		$18,706	$21,834	$31,906	$47,416	$57,419
3	% Pre-Retirement Income		149.65%	77.70%	51.63%	48.38%	46.87%
4	RoR on Investment4		7.4%	7.0%	6.8%	6.8%	6.8%
1 Entries shown in red indicate that income insurance is paid.
2 Bond Fund annuities are graded annuities designed to increase over time to help counter inflation. They begin as if they were a 2% annuity and increase annually at the rate of about 3% with a 5% bond fund return. See Appendix C.
3 Stock fund annuities are variable annuities which begin as if they were a 5% annuity and are adjusted each year to reflect actual stock fund performance.
4 Rate of return represented by projected returns based on stream of investments in stock fund and bond fund and insurance premiums.