This is not an attempt to calculate your exact pension benefit it is intended to show the two pension options using similar criteria.
The Teamsters Pension is a very complex pension product, to get more information please access their website at http://www.wctpension.org/index.html or contact your local Pension Administrator found here.
The union pension calculator is based on the current accrual rate projected over the years till retirement. There is no guarantee that this accrual rate will not change, it is moved at the discretion of the pension trust to meet federal solvency guidelines.
All calculations are done for illustrative purposes and are not a guarentee of benefits. All calculations should be validated by your retirement or finanicial advisor.
The results of the annuity calculator are based on compounding interest and taking monthly withdrawls. Most annuities are insurance products that pay you an amount each month based on the principal you invest. Being insurance products they will have many terms and conditions, you should contact your financial provider to get specific monthly amounts. To see an example of one on the web click here