Retirement
Defined Benefit Retirement Plans
AgriBank District
If you were hired before Oct. 1, 2001, and did not elect the Cash Balance Formula in 2002, your pension benefit will be calculated with the Final Average Pay formula.
If you were hired on or after Oct. 1, 2001, and before Jan. 1, 2007, or if you elected the Cash Balance Formula in 2002, your pension benefit will be calculated using the Cash Balance Formula.
Retirement information for either formula is available by contacting New York Life at mylife.newyorklife.com or 1-800-294-3575 or Farm Credit Foundations at 1-800-892-7924.
AgriBank District Retirement Plan Summary of Plan Provisions (Final Average Pay Formula)
AgriBank District Retirement Plan Summary of Plan Provisions (Cash Balance Formula)
'Your Retirement' Newsletter for AgriBank District Participants
The newsletter includes articles on retirement plan funding, a Q&A on plan funding, how defined benefit plans are funded and more.
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