Benefits Handbook

The single life annuity form of payment (also referred to as a straight life annuity) provides you with equal monthly payments for as long as you live. No payments are made after your death.

If you have a Spouse, you must obtain your Spouse's written, notarized consent before you can elect the single life annuity form of payment.

Sally retires with a vested Accrued Benefit of $1,000 per month and elects to commence her monthly benefit payments at age 65. If Sally chose a Single Life Annuity form of payment her monthly benefit payment would be $1,000. These payments would continue for Sally's life, and after her death, no further monthly benefit payments would be made.