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Provides you a monthly pension allowance approximately three to five percent less than option "A." This option provides a lump sum payment of the balance of deposits and interest to a named beneficiary at your death.
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A list of deceased retirees whose Option B benefits have been unclaimed.
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Allows you to receive the largest retirement allowance possible in monthly payments. However, all allowance payments will stop upon your death and no benefits will be provided to your survivors.
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Also known as the Joint and Last Survivor Allowance, Upon your death, your designated beneficiary will be paid an allowance for the remainder of his or her life...