Retirement payment options

Topics:
Retirement
Tags:
Benefits,
Finance,
Human Resources,
Operational Accounting,
Payment,
Payment Option,
Retirement
Source:
the Division of Pensions and Benefits

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Overview: To plan for a successful retirement, you must be familiar with the retirement payment options available to you from the retirement system. You should also consider your financial needs in retirement, your health, your beneficiary's health, the need to provide survivor benefits, life insurance benefits available, income from other sources, such as Social Security benefits, investments, etc. When you apply for retirement, you will have to choose one of nine ways to receive your retirement benefits. Please be sure you understand the different payment options available to you because, once you have made your choice and your retirement becomes due and payable (usually when your first check is issued), you cannot change your payment option.

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Format: HTML | Size: 38KB | Date: Jun 2003 | Pages: 1


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