The 2025 Pension Plans Annual Statements will be arriving soon via mail or via the myPHP online benefits portal based on your mailing preference.
The annual statement includes important information such as:
- Your vested status in both the Basic and Supplemental Pension Plans;
- Your estimated Basic Plan benefits at retirement age;
- Your Supplemental Plan account balance and year-over-year changes; and
- An alert if you have not designated a beneficiary for either the Basic or Supplemental Pension Plan.
Factors That Could Make Your Actual Benefit Amounts Differ from Your Statement
Your annual statement can be an important tool for planning your financial future; however, keep in mind that the benefit amounts shown on your statement may differ from the actual amounts available to you upon retirement, due to a variety of factors, including the following:
- Additional work in covered service
Additional earnings would likely change your actual benefit amount. - The date your benefits commence
The estimated benefit amounts on your annual statement are based on your current age relative to Normal Retirement Age (usually 65) and any work reported through 2025. At the time you retire, however, your actual benefit amount will be calculated based on the date that benefits commence and any work reported through that date. - Any Qualified Domestic Relations Orders (QDROs) in effect
Your annual statement may not reflect changes to your pension benefit due to any applicable family law court orders in effect. - Adjustments due to audits of employer contributions
When there is an adjustment that reduces the amount of acceptable contributions made on your behalf—for example, as a result of an employer audit —the estimated benefit shown on your annual statement will likely differ from your actual benefit. If it has been determined that mistaken or unacceptable contributions have been made, the Plans may recover any overpaid pension benefits based on such contributions. - Any legal requirements that must be satisfied
Certain legal requirements may affect the estimated benefits shown on your annual statement. For example, if your benefits are subject to federal taxation or federal tax levies, the Plans are required to withhold a certain amount from your benefits. - Benefit payment type selected
If you elect a Joint & Survivor or the Ten-Year Certain benefit payment upon retirement, your monthly benefit will differ from the amount shown on the statement, as it would be reduced so that your spouse or beneficiary continues to receive a benefit payment after your death.
You can view your vesting status and estimated benefits 24/7/365 on myPHP
With the myPHP portal, you don’t have to wait until your annual statements arrive to access your pension and health related information, including your current benefit accruals—updated monthly— at www.dgaplans.org/myPHP.
MyPHP also provides you with your current and future Health Plan eligibility status, the pension and health contributions received by the Plans on your behalf, a listing of your beneficiaries, and many of your Plans documents.
If you have not yet registered for the myPHP online benefits portal, visit www.dgaplans.org/about-myPHP for more information and instructions to register for an account. Register today to access your benefits information at your fingertips!
Please be sure to review your annual statement carefully and contact the Plans office if there is a discrepancy. For questions relating to your annual statement, contact the Pension Department at (877) 866-2200, Ext. 404, or email pension@dgaplans.org.
