HARRISBURG, PA, November 16, 2012 — The Actuarial Practice at Municipal Finance Partners, Inc. has developed an web-based application that will allow members of County Pension Plans to determine their projected retirement benefits. The application allows users to simulate the impact of increased member contributions, changes in salary, alternate retirement dates and additional service. This user-friendly application will show all of the benefit payment options available to members, as well as the tax implications of their elections.
“We are proud to have developed this application to help our clients and their plan members. Unlike our competitors, who are selling software to their clients in response to dissatisfaction in the response time for preparing benefit calculations, we are providing this to our clients for free. This tool will help to make plan members more aware of the benefits and options available to them and free up administrative staff resources at each and every County that uses it.”
-Charles B. Friedlander, F.S.A., President & Chief Actuary
The application will be available to all of our clients, customized for each plan’s unique features. Our current clients are already enjoying the use of this valuable planning resource.