This calculator estimates annuity payments for the Washington State Investment Board (WSIB) Investment Program. You can input your personal information into the calculator and see how different annuity purchase amounts and annuity beneficiary options impact your estimated annuity benefit.
The WSIB Total Allocation Portfolio (TAP) Annuity provides a member with a guaranteed lifetime monthly benefit that includes an automatic 3 percent annual TAP Annuity Cost of Living Adjustment (COLA). It also guarantees the purchaser's estate will receive the balance of the original annuity purchase price, minus the payments made to the member (and beneficiary if chosen), should the payments made amount to less than the purchase price of the annuity. More information about the WSIB TAP Annuity can be found in the Plan 3 Annuity Guide.
The results obtained from this calculator are dependent upon the purchase amount of the annuity, the age which you begin receiving the annuity and whether or not you choose an annuity beneficiary option. You may find it useful to run several different scenarios through the calculator with different input values. You can keep track of the different scenarios by naming them when you save the information.