Yes. PensionPlus automatically increases your paycheck to account for inflation, so you’ll never lose purchasing power.
In addition, PensionPlus users can choose a paycheck that either increases or decreases by 1% annually for 20 years, and remains flat thereafter. If you want to spend more later in retirement, you can opt for a paycheck that gradually gets bigger. In contrast, some people prefer to spend more right away, perhaps because they want to travel while they’re in excellent health. If one of those options appeals to you, we’ll automatically increase or decrease your monthly paychecks to match your preferences.