An important decision when you decide to retire is the form of benefit you choose to receive.
The Plan offers these forms of payments:
Single Life Annuity with 60-Certain Payments
This is the normal form of payment for a single person. If you die before receiving at least 60 Plan payments, your beneficiary will receive payments until a total of 60 payments are made.
50% Qualified Joint & Survivor Annuity
This is the normal form of payment for a married person. Your benefit is reduced to provide spouse/co-annuitant 50% of your monthly benefit upon your death.
75% Joint & Survivor Annuity
Your benefit is reduced to provide spouse/co-annuitant 75% of your monthly benefit upon your death.
100% Joint & Survivor Annuity
Your benefit is reduced to provide spouse/co-annuitant 100% of your monthly benefit upon your death.
Note: Age limitations apply to non-spouse co/annuitants.
