How are PRE-1982 benefits calculated and what are the distribution options?
The number of pre-1982 years of service with pension credit is multiplied by the current annuity rate of the annual conference(s) that you served. (See your service record.) That amount divided by 12 (months) is your monthly benefit amount. There is only one option available for this portion of your benefit. If you are married, the annuity will be paid to you for your lifetime with 70% payable to your spouse for his/her lifetime in the event of your death. If you are single, the benefit will be paid to you for your lifetime and will stop in the event of your death.
