Vested pension (normal retirement age rule)

Age

Age 65 or older

Service and other

Normal retirement age and active

Basic benefit

Same as regular pension, except minimum $220 monthly benefit does not apply.

Forms of payment

• Five-Year Certain
• Ten-Year Certain Option
• Joint and Survivor Pension (50%)
• Joint and Survivor Option (75%) effective 1/1/2008
• Joint and Survivor Option (100%)
• Pop-Up Options
• Partial Lump Sum Option

Reduction factors: All forms of payment except the Five-Year Certain are reduced. For more information, contact us.

Conditions that may result in loss of some or all benefits

Permanent break-in-service

Limited five-year vested pension

Age

Age 65 or older

Service and other

1. Five pension credits without a permanent break-in-service; and
2. Passing the activity test

Basic Benefit

Same as regular pension, except minimum $220 monthly benefit does not apply.

Forms of Payment

• Five-Year Certain
• Ten-Year Certain Option
• Joint and Survivor Pension (50%)
• Joint and Survivor Option (75%) effective 1/1/2008
• Joint and Survivor Option (100%)
• Pop-Up Options
• Partial Lump Sum Option

Reduction factors: All forms of payment except the Five-Year Certain are reduced. For more information, contact us.

Conditions that may result in loss of some or all benefits

Permanent break-in-service