The Retirement Programs Office is pleased to introduce a new Web-based tool called Pension Calculator. This new system allows you to:

• Customize projections of your monthly benefits for the MIT Basic Retirement Plan;
• Project your 401 (k) balance using different assumptions; and
• Access links to Fidelity's NetBenefits and the Social Security Administration Website.

How Pension Calculator Works

Pension Calculator allows you to created different projected Basic Retirement Plan benefits based on your own assumptions by entering:

• A last day of work;
• Changes to your annual base salary (including overtime); and
• Annual percent increases in pay.

Pension Calculator can be accessed on the internet at web.mit.edu/hr/benefits/calculator or by clicking on the "Pension Calculator" link located on the MIT Benefits Website (web.mit.edu/hr).

If you would like to learn more about this tool or receive a set of instructions, please send an email to retirement@mit.edu.