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Home > Pension Plan > Ways to Receive Your Pension
DIFFERENT WAYS TO RECEIVE YOUR PENSION
There are various ways that your pension can be paid to you when you retire, depending on your age, your years
of service and when you left Covered Employment.
A monthly pension that is payable only to you for the rest of your life is called a Single-Life Pension. If you
are not married when your pension begins, this is the way your pension will be paid.
50% Joint and Survivor Pension
A 50% Joint and Survivor Pension is a reduced monthly pension that is payable to you for the rest of your life and,
if you die before your spouse, 50% of your reduced pension that is payable to your spouse for life.
If you are married when your pension begins, Federal law requires that a 50% Joint and Survivor Pension is the way your
pension will be paid. If you and your spouse reject this form of payment in writing, then you may choose another way to receive your pension.
The percent of your Single-Life Pension that you will receive under the 50% Joint and Survivor Pension is shown in the following table for
various ages:
100% Joint and Survivor Pension
A 100% Joint and Survivor Pension is a reduced monthly pension that is payable to you for the rest of your life and, if you die
before your spouse, 100% of your reduced pension that is payable to your spouse for life. Choose this form of payment if you want to provide a
larger benefit to your spouse in the event of your death.
You may not choose the 100% Joint and Survivor Pension if the last year of Credited Service you earned was before your 54th year of birth.
The percent of your Single-Life Pension that you will receive under the 100% Joint and Survivor Pension is shown in the following table for various ages:
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