What is a 50% joint and survivor annuity?
This choice provides a monthly annuity for your lifetime and the lifetime of your annuity beneficiary. Fifty percent of your monthly annuity would be paid to your annuity beneficiary upon your death. Joint and Survivor Annuity choices are available to members who elect an option before or at retirement. The beneficiary of a Joint and Survivor Annuity must be the same person you named as your Defined Benefit option beneficiary.
Related Questions
- When I retired, I chose a Joint and Survivor Annuity. With a possible reduced COLA in my future, can I switch back to a Single Life Annuity so I can get more money in my pension check?
- Why Must the Postretirement Qualified Joint and Survivor Annuity (QJSA) Be Considered?
- What is a qualified joint and survivor annuity (QJSA)?
