2012 December - Michigan Education Association
2012 December - Michigan Education Association
2012 December - Michigan Education Association
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12/12<br />
If you chose Option 3,<br />
do you need a 403(b)?<br />
We take your future seriously.<br />
Securities offered through Paradigm Equities, Inc.,<br />
a wholly owned subsidiary of MEA Financial Services,<br />
1480 Kendale Blvd., East Lansing, MI 48823,<br />
800-292-1950 www.meafs.com<br />
Public Act 300 of <strong>2012</strong><br />
required you to make a<br />
choice regarding your<br />
pension. If you chose<br />
Option 3, you have<br />
elected to maintain<br />
your current level of<br />
contributions; however,<br />
your pension formula<br />
will change to include<br />
a 1.25 percent pension<br />
factor for future years of<br />
service. This will result in<br />
a reduced pension.<br />
Have you looked at your<br />
options for additional<br />
retirement savings? MEA<br />
Financial Services offers<br />
a wide variety of products<br />
to assist in your financial<br />
needs.<br />
403(b) Tax-Deferred Annuity<br />
403(b)(7) Mutual Fund<br />
Traditional or Roth IRA<br />
Contact your local MEA<br />
Financial Services<br />
Representative today!