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Why does my monthly retirement allowance amount fluctuate?

There are several possible explanations. For example:

  • Your first payment may contain retroactive funds, so subsequent payments may be smaller than your first payment.
  • Deductions for insurance and union dues may have begun (usually in the first few payments).
  • If you elect to change the amount of federal taxes withheld from your payments, the amount of your payments would be different after your federal withholding election is implemented.
  • If some of your funds are invested in the variable-return Passport Funds, the return on those investments would fluctuate from month to month.
  • A revision of your retirement allowance may have been implemented, in which case you would receive a revised Benefits Letter.