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What are my different payment options for my monthly retirement benefit?

April 26, 2017benefit different Options payment retirement

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What are my different payment options for my monthly retirement benefit?

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You have several payment plans to select from, with all the plans paying you (the retiree) a monthly benefit for your lifetime. The plans offer a variety of choices to address your varying needs and concerns. You may not change the payment plan you elect at retirement once payments have started; therefore, long-term planning is important.