Hey all, what is the annuity for Captain. Right now as a 2 year Captain I see 30 a month from the city that goes into my principal account. I know for Lts its about 118 a month. From what I understand does it go up to 3,000 a year approx 250 a month at 5 year mark.
Also for any Lts or Captains out there. Switch to the fidelity 500, its a better performing fund than what the default SOC fund is.
To see your annuity principal account and register just download the principal app and enter your social security #.
-- Edited by Cathetel on Tuesday 8th of July 2025 11:48:26 AM
-- Edited by Cathetel on Tuesday 8th of July 2025 03:22:53 PM
wereinbacklog said
July 8th
Cathetel wrote:
Hey all, what is the annuity for Captain. Right now as a 2 year Captain I see 30 a month from the city that goes into my principal account. I know for Lts its about 118 a month. From what I understand does it go up to 3,000 a year approx 250 a month at 5 year mark.
Also for any Lts or Captains out there. Switch to the fidelity 500, its a better performing fund than what the default SOC fund is.
To see you account and register just download the principal app and enter your social security #.
-- Edited by Cathetel on Tuesday 8th of July 2025 11:48:26 AM
Correct, if you get promoted before the 5 years you also get the 3k per year.
Cathetel said
July 8th
From what I can tell, I am only getting 30 a month deposited in the principal account. I believe itll increase to 250 per month which is the 3000 a year at the 5 year mark as a Captain.
Can anyone confirm this?
-- Edited by Cathetel on Tuesday 8th of July 2025 12:42:11 PM
wereinbacklog said
July 8th
Cathetel wrote:
From what I can tell, I am only getting 30 a month deposited in the principal account. I believe itll increase to 250 per month which is the 3000 a year at the 5 year mark as a Captain.
Can anyone confirm this?
-- Edited by Cathetel on Tuesday 8th of July 2025 12:42:11 PM
Yes thats correct.
4th Time said
July 10th
How do you switch it to the 500 index.... I don't see an option to do that... Thanks....
Disregard.... I figured it out... Thanks for the advice and you are correct with your assessments between funds... big difference....
-- Edited by 4th Time on Thursday 10th of July 2025 03:10:58 PM
Hey all, what is the annuity for Captain. Right now as a 2 year Captain I see 30 a month from the city that goes into my principal account. I know for Lts its about 118 a month. From what I understand does it go up to 3,000 a year approx 250 a month at 5 year mark.
Also for any Lts or Captains out there. Switch to the fidelity 500, its a better performing fund than what the default SOC fund is.
To see your annuity principal account and register just download the principal app and enter your social security #.
-- Edited by Cathetel on Tuesday 8th of July 2025 11:48:26 AM
-- Edited by Cathetel on Tuesday 8th of July 2025 03:22:53 PM
Correct, if you get promoted before the 5 years you also get the 3k per year.
From what I can tell, I am only getting 30 a month deposited in the principal account. I believe itll increase to 250 per month which is the 3000 a year at the 5 year mark as a Captain.
Can anyone confirm this?
-- Edited by Cathetel on Tuesday 8th of July 2025 12:42:11 PM
Yes thats correct.
How do you switch it to the 500 index.... I don't see an option to do that... Thanks....
Disregard.... I figured it out... Thanks for the advice and you are correct with your assessments between funds... big difference....
-- Edited by 4th Time on Thursday 10th of July 2025 03:10:58 PM