LLNS offers a Defined Benefit Plan (DBP) for employees in TCP 1.
In this plan, LLNS contributes toward your retirement income based on your age, service credit, and your highest average salary (HAPC) at retirement. It is not based on how much you've contributed to the Plan over the years.
In general, the older you are and the more service credit you have at retirement, the higher your retirement income will be.
LLNS does not stipulate a maximum retirement age. Your monthly retirement income will be affected by whether you choose to provide a monthly retirement benefit for your spouse or another person (joint & contingent annuitant).
This plan also includes a provision for disability benefits, survivor income, and death benefits.
