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Employee Hired or Rehired Before November 8, 2013VIP 401K

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Base Salary70000Years LeftYearSalary Change Over YearsAfter 401K Contribution Salary [1]After Income Tax Salary [2]Salary Raise (Promotions)Employee ContributionRate of Growth (Random.org)

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Salary Raise (%)1 [3]AgeAutomatic [4]Matching - 75%401K Value

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Age4040252016$70,000.00$64,400.00$54,740.0010% [5]$7,000.008%$5,600.006%$4,200.00$17,472.004%

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41242017$70,700.00$65,044.00$55,287.4010%$7,070.00$5,656.00$4,242.00$35,473.203%

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Years Left Til 652542232018$71,407.00$65,694.44$55,840.276%$4,284.42$5,712.56$4,284.42$52,739.886%

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43222019$72,121.07$66,351.38$56,398.684%$2,884.84$5,769.69$4,327.26$69,007.755%

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Years Accumulated Pension1044212020$72,842.28$67,014.90$56,962.66$2,913.69$5,827.38$4,370.54$89,510.119%

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45202021$73,570.70$67,685.05$57,532.29$2,942.83$5,885.66$4,414.24$109,945.537%

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46192022$74,306.41$68,361.90$58,107.61$2,972.26$5,944.51$4,458.38$133,186.348%

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47182023$75,049.47$69,045.52$58,688.69$3,001.98$6,003.96$4,502.97$156,963.917%

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Monthly Multiplier (Pension)$9148172024$75,799.97$69,735.97$59,275.58$3,032.00$6,064.00$4,548.00$177,432.224%

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($91 per month provided from Stephen Ramsey)49162025$76,557.97$70,433.33$59,868.33$3,062.32$6,124.64$4,593.48$196,949.043%

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50152026$77,323.55$71,137.66$60,467.02$3,092.94$6,185.88$4,639.41$223,519.316%

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51142027$78,096.78$71,849.04$61,071.69$3,123.87$6,247.74$4,685.81$249,455.575%

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52132028$78,877.75$72,567.53$61,682.40$3,155.11$6,310.22$4,732.67$284,745.858%

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53122029$79,666.53$73,293.21$62,299.23$3,186.66$6,373.32$4,779.99$326,003.559%

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54112030$80,463.19$74,026.14$62,922.22$3,218.53$6,437.06$4,827.79$360,916.146%

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55102031$81,267.83$74,766.40$63,551.44$3,250.71$6,501.43$4,876.07$386,810.683%

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5692032$82,080.51$75,514.06$64,186.96$3,283.22$6,566.44$4,924.83$437,727.849%

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5782033$82,901.31$76,269.21$64,828.82$3,316.05$6,632.10$4,974.08$470,756.074%

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5872034$83,730.32$77,031.90$65,477.11$3,349.21$6,698.43$5,023.82$524,693.738%

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5962035$84,567.63$77,802.22$66,131.88$3,382.71$6,765.41$5,074.06$577,710.027%

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6052036$85,413.30$78,580.24$66,793.20$3,416.53$6,833.06$5,124.80$622,738.645%

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6142037$86,267.44$79,366.04$67,461.13$3,450.70$6,901.39$5,176.05$663,797.454%

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6232038$87,130.11$80,159.70$68,135.75$3,485.20$6,970.41$5,227.81$720,249.726%

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6322039$88,001.41$80,961.30$68,817.10$3,520.06$7,040.11$5,280.08$802,338.079%

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6412040$88,881.43$81,770.91$69,505.27$3,555.26$7,110.51$5,332.89$859,253.565%

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Retirement02041$1,546,032.74

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Boeing Total Contribution [6]Total Employee ContributionGrowth [7]

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$207,572.54$158,161.92$493,519.11

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401K Value After Withdrawal

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Pension (Fixed)401K Withdrawal (Tax Free)Yearly Income (Low)Yearly Income (High)Rate of Growth (Random.org)Family Size of 4After Taxes (10%)

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Retirement Planning (401K)AgeSSI (Low) [8]SSI (High)

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Monthly Payments65$910.00$1,500.00$2,500.00$2,000.00$52,920.00$64,920.00This scenario is assuming the retiree increases his withdrawal by $200 ($2,400) from 401K every year.$860,311.173%Wife:$515,880.08

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66$910.00$1,500.00$2,500.00$2,200.00$55,320.00$67,320.00$892,284.957%2 Children$257,940.04Each

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67$910.00$1,500.00$2,500.00$2,400.00$57,720.00$69,720.00$932,563.758%

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68$910.00$1,500.00$2,500.00$2,600.00$60,120.00$72,120.00$937,418.304%

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69$910.00$1,500.00$2,500.00$2,800.00$62,520.00$74,520.00$985,161.949%

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70$910.00$1,500.00$2,500.00$3,000.00$64,920.00$76,920.00$1,015,603.287%

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71$910.00$1,500.00$2,500.00$3,200.00$67,320.00$79,320.00$1,055,379.548%

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72$910.00$1,500.00$2,500.00$3,400.00$69,720.00$81,720.00$1,075,454.316%

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73$910.00$1,500.00$2,500.00$3,600.00$72,120.00$84,120.00$1,063,221.943%

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74$910.00$1,500.00$2,500.00$3,800.00$74,520.00$86,520.00$1,068,503.045%

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75$910.00$1,500.00$2,500.00$4,000.00$76,920.00$88,920.00$1,102,143.288%

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Expiration (Death)76$910.00$1,500.00$2,500.00$4,200.00$79,320.00$91,320.00$1,146,400.189%

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$793440$937440

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Pension (Fixed)Yearly Income (Low)Yearly Income (High)

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SSI (Low)SSI (High)

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Pure Pension Plan without 401K65$3,185.00$1,500.00$2,500.00$56,220.00$68,220.00

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66$3,185.00$1,500.00$2,500.00$56,220.00$68,220.00

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67$3,185.00$1,500.00$2,500.00$56,220.00$68,220.00

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68$3,185.00$1,500.00$2,500.00$56,220.00$68,220.00

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69$3,185.00$1,500.00$2,500.00$56,220.00$68,220.00

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70$3,185.00$1,500.00$2,500.00$56,220.00$68,220.00

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71$3,185.00$1,500.00$2,500.00$56,220.00$68,220.00

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72$3,185.00$1,500.00$2,500.00$56,220.00$68,220.00

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73$3,185.00$1,500.00$2,500.00$56,220.00$68,220.00

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74$3,185.00$1,500.00$2,500.00$56,220.00$68,220.00

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75$3,185.00$1,500.00$2,500.00$56,220.00$68,220.00

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Expiration (Death)76$3,185.00$1,500.00$2,500.00$56,220.00$68,220.00

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$674640$818640
[1] Contribution to a 401K lowers how much you actually pay out in federal taxes thus a benefit to a worker. A married worker earning 50,000 contributing 4% of income to 401K is actually 48,000. Instead of paying $7,500 in federal taxes, they pay $7,200.
[2] Assuming person files as married to spouse, filing jointly rather than separately. Federal rate is 15% under $70,700
[3] This is assuming a general worker will only net a 1% salary increase every year for the remaining period of his service at The Boeing Company
[4] Employees hired or rehired before November 8, 2013, will be eligible for an additional Special Company Retirement Contribution under the Plan, effective November 1, 2016, and are not eligible for any Special Company Retirement Contribution under this paragraph 9(d) prior to November 1, 2016. Each pay period the Company will contribute to the Plan an amount equal to a percent of the employee’s eligible pay (as described in paragraph 9(c) above) for that period, according to the schedule below: November 1, 2016 – October 31, 2017 10% November 1, 2017 – October 31, 2018 10% November 1, 2018 - October 31, 2019 6% November 1, 2019 and thereafter 4% Employees will be 100% immediately vested in the Special Company Retirement Contribution. An employee eligible for the Special Company Retirement Contribution under this paragraph 9.6(d) who subsequently becomes rehired after November 7, 2013, as outlined in paragraph 9.6(c) above, will be eligible for the Special Company Retirement Contribution under paragraph 9.6(c) upon rehire, and will no longer be eligible for the Special Company Retirement Contribution under this paragraph 9.6(d).
[5] http://www.iamw24.org/text-downloads/proposal.pdf 11/1/16, adds new DC contribution of 10%; 11/1/17, 10%; 11/1/18, 6%; 11/1/19 and thereafter 4% each pay period for current employees in lieu of continued participation in DB pension
[6] (Automatic + Match)
[7] (401K Value - (Boeing Investment + Employee Investment))
[8] SSI once retired at 65 pays out anywhere from a neighborhood of $1500 to $2500 per month depending on how much credit the worker has accumulated over the years and their length of employment