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BENEFICIARY OPTIONS

How you provide for a spouse, partner, or other loved one in the event of your death is an important decision when applying for retirement.

You can choose from a number of different "Pension Options" (optional payment methods) that allow you to leave a continuing life-time survivor benefit to a beneficiary after your death.

Choosing a Pension Option is an extremely important decision that affects both you and your beneficiary, and should not be taken lightly. You should also consider your financial needs in retirement, your health, your beneficiary's health, and other income sources (Social Security benefits, investments, life insurance, etc.).

 
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To Learn More...

Watch the video presentation:

See the Fact Sheet for detailed information:

Fact Sheets open in a new window and can be viewed, printed, or saved to your computer.
After you are done, return to this page to continue with the guide.

Please be sure that you fully understand the available Pension Options.
Once your retirement becomes "Due and Payable" your option selection cannot be changed.
("Due and Payable" is 30 days after your retirement date or 30 days after approval by the Board of Trustees — whichever is later.)

 
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