Big BenefitsakaBig Ben
This Employee Benefit Statement Prepared for: [[ben_stmt_f_name]]
Your retirement income may come from three separate sources; the Retirement Incentive Savings Plan (RISP), Employees' Retirement Plan, and Social Security.
Retirement Incentive Savings PlanRISP is designed to help you save for your retirement years and, at the same time, benefit from tax savings today. You may contribute from 2% to 20% of your salary on a pre-tax basis. Big Benefits will contribute 75% of the first 2% to 6% of the earnings you contribute to RISP.
To show you how much you can save for your retirement through RISP, projections at various ages have been made below. These estimates assume that you will continue to contribute at the rates shown, that the account & contributions will earn 4% and that you will not make any withdrawals or loans. These projections are based upon your current RISP balance ([[risp_bal||m:+usd:0:2:.:,]]) of as of 6-30-09.
ContributionYour% + CO%
InvestmentReturn
5 Years
10 Years
Age 65
The figures to the right were calculated using the SaaS Query Editor.
After the query and calculations were written, we created a Datasource - with 1 button click.
Then we laid down the datafields or merged them into static text.
2% + 1.5% (3.5%)4% + 3% (7%)6% + 4% (10%)10% + 4% (14%)
4%4%4%4%
[[fv_tot_2_5||m:+usd:0:0:.:,]][[fv_tot_4_5||m:+usd:0:0:.:,]][[fv_tot_6_5||m:+usd:0:0:.:,]][[fv_tot_10_5||m:+usd:0:0:.:,]]
[[fv_tot_2_10||m:+usd:0:0:.:,]][[fv_tot_4_10||m:+usd:0:0:.:,]][[fv_tot_6_10||m:+usd:0:0:.:,]][[fv_tot_10_10||m:+usd:0:0:.:,]]
[[fv_tot_2_65||m:+usd:0:0:.:,]][[fv_tot_4_65||m:+usd:0:0:.:,]][[fv_tot_6_65||m:+usd:0:0:.:,]][[fv_tot_10_65||m:+usd:0:0:.:,]]
Combined $Contribution
[[cont_2||m:+usd:0:0:.:,]][[cont_4||m:+usd:0:0:.:,]][[cont_6||m:+usd:0:0:.:,]][[cont_10||m:+usd:0:0:.:,]]
Social SecuritySocial Security is a program that offers these major benefits:
• A Lump-Sum Death Benefit• Survivor's Benefits• Disability Benefits
• Medical Care Benefits• Retirement Benefits for You• Survivor's Benefits for Divorced Spouses• Retirement Benefits for Dependents
Big Benefits is required by Federal Law to contribute an amount equal to your own total Social Security contribution. Monthly Social Security benefits may go to you and/or your dependents when you retire, become severely disabled, or die. The amount of any benefits will depend on prior earnings, adjusted to account for changes in wages since 1951. You receive an Annual Statement from the Social Security Administration.
[[t_risp]]