Payment Options


This plan provides a lifetime income to you, or a lifetime income to you with a continuing income to your Spouse if you predecease him or her. Your monthly benefit is adjusted to reflect the payment option selected.

If You are Married

The 50% Joint and Survivor Pension provides an amount payable for your lifetime. If you pre-decease your Spouse, 50% of that amount is payable for your Spouse’s lifetime.  You and your Spouse may elect to waive the 50% Joint and Survivor Pension, and take a 75% or 100% Joint and Survivor Pension. These payment options provide an amount payable for your lifetime, and if you pre-decease your Spouse, 75% or 100% of that amount is payable for your Spouse’s lifetime.

If you are Not Married

The payment form will be a “single-life pension,” payable for your lifetime with a minimum guarantee of benefit payments (36 months for a Disability Pension, 60 months for Regular, Service, and Early Retirement Pensions). Married couples may also elect this payment form, after waiving the 50% Joint and Survivor Pension.

Summary Plan Description

This site uses cookies to collect certain information about your browsing session in order to enhance site navigation and analyze usage. By continuing to browse, you are agreeing to our site Terms of Use.