How can members determine if participation in PLSO would meet their needs?
It is important to note that selection of a PLSO distribution results in a reduction of a retiree’s monthly annuity. Members should consider the uses of any lump-sum payment that they will receive. Generally, a use that enhances retirement income or savings may merit consideration. On the other hand, uses that involve expenditures in depreciable assets or that are for leisure should be given careful consideration as they may compromise long-term retirement income.
