Your employer pays the premium for your membership in Benefits for Life. The premium amount is equal to a percentage of your annual compensation. 
Premiums are based solely on your annual compensation as reported to MMBB each year. Therefore, you need to report changes in your compensation as soon as possible. Failing to do so will have an adverse effect on the level of plan benefits you receive.

As a plan member, a premium equal to a percentage of your annual compensation is paid as a Benefits for Life premium. Of that percentage, a portion goes into your Retirement Plan account. The remaining 3% is used to provide disability and death benefits, as well as an administrative fee.

All money contributed to your Retirement Plan account purchases accumulation units for you. Each unit has a dollar value, which will fluctuate daily based on investment gains and losses.