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What is the Partial Annuity Withdrawal?

Annuity partial withdrawal
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What is the Partial Annuity Withdrawal?

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Since July 1, 2001, APERS members who work beyond the date they are eligible for an unreduced monthly benefit are eligible to take an advance payment of up to 60 months of their monthly annuity. This is called a Partial Annuity Withdrawal (PAW). This provides an alternative for members who can’t participate – or choose not to participate – in the Deferred Retirement Option Plan (DROP). PAW is elected at retirement.

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