Understanding Your Retirement Plans of Payment Options

Posted: Feb. 14, 2024

View this video for details pertaining to important considerations when selecting a retirement benefit payment option, an overview of the features of each option and how the different options impact the monthly payment amount. An overview of the Partial Lump-Sum Option Plan, available to Defined Benefit and Combined Plan participants, is also provided.

Additional resources:

Service Retirement and Plans of Payment brochure (select the brochure specific to your retirement plan selection):
— Defined Benefit Plan

— Combined Plan

— Defined Contribution Plan
The benefit estimate calculator in your Online Personal Account
A benefits counseling session (individual or group opportunities available)
The Retirement Countdown webinar