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A pension is a type of retirement plan that provides monthly income after you retire from your position. The employer is required to contribute to a pool of funds invested on the employee's benefit. As an employee, you may contribute part of your wages to the plan, too. Not all businesses offer these plans.
A Pension Verification Letter is an official letter from the Massachusetts State Retirement Board (MSRB) which verifies your monthly pension income earnings. This letter is often used when proof of income is needed.
Example retirement appreciation letter Congratulations on your retirement! Everyone on the team will miss you, but we are excited about your new journey. I can't tell you how much I've enjoyed working alongside you. You have always been an innovator, creative problem-solver and empathetic leader.
You can opt-out online if you set up an online account or you can phone the opt-out line 0345 272 8837. Call charges will vary. If I phone the opt-out line what information do I need? It's an automated service, please confirm your plan number, name and date of birth.
How to create a retirement letter Address the right people. Address your retirement letter to your supervisor. ... Specify the date of your retirement. ... Express appreciation for your experience. ... Offer to assist with the transition. ... Discuss consulting if you're interested. ... Detail your needs regarding retirement.
How to write a retirement congratulations letter Choose the form of the letter. ... Know the approximate length of your letter. ... Include your contact information. ... Offer congratulations. ... Show appreciation for their hard work. ... Highlight their positive traits. ... Personalize the letter. ... Wish them success in the future.
Congratulations on your retirement and all the incredible years of work you put into getting there. It's wonderful to see someone as deserving as you retire. Remember to put in the same effort into your free time as you put into your career. Thank you for all of your hard work and dedication.
For example, in California while the state's average funded ratio is 79%, some plans are around 100% funded (Contra Costa County Employees' Retirement Association) while others have run out of money and are fully dependent on the state legislature bailing them out each year (Judges' Retirement System).