Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

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?

April 26, 2017Annuity chose Cola future Joint possible reduced retired Survivor Switch

0

Posted

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?

1 Answer

0

Posted

The only way you can revert to the Single Life Annuity plan of payment is if you chose a Joint and Survivor Annuity with reversion AND your beneficiary dies before you or your marriage to the beneficiary terminates and the divorce decree permits the revision.