This is how Addison Pherlus Pension Fund’s process works:

After 8 years or more, but less than 12 years, the payouts when received will be for 8% for 8 years only.

After 12 years or more, but less than 16 years, the payouts when received will be for 16% for 12 years only.

After 16 years or more, but less than 18 years, the payouts when received will be for 32% for 16 years only.

After 18 years or more, but less than 20 years, the payouts when received will be for 64% for 18 years only.

After 20 years or more, but less than 25 years, the payouts when received will be for 75% for 20 years only.

After 25 years or more, but less than 30 years, the payouts when received will be for 85% for 25 years only.

After 30 years or more, but less than 35 years, the payouts when received will be for 95% for 30 years only.

After 35 years or more the payouts when received will be for 100% for 35 years only.

Remember: the average weekly pay-in still counts after 35 years until the payout stage.