What deductions are
taken from your pension?

Insured benefit premiums

If you qualify for benefits, your former employer pays most of the cost for your insured benefit premiums. You pay a small portion of the premium if you want vision care and hearing aid plan coverage. If you choose only medical and dental coverage you will pay no premium at all. You may elect vision and hearing aid plan coverage and cancel it later. However, once you cancel coverage, it cannot be reinstated. You cannot elect in and out of the benefit plan.