OPTION C: Download Option C Form
Also known as the Joint and Last Survivor Allowance, payments under this plan will be less than those you would receive under options "A" or "B." To determine your allowance under this option, you must multiply your option "A" pension by your option "C" factor.
Upon your death, your designated beneficiary will be paid an allowance for the remainder of his or her life. That allowance will equal to 2/3's of the allowance paid to you at the time of your death.
Eligible beneficiaries under option "C" are:
- Unmarried Ex-Spouse
If your beneficiary dies before you, your retirement automatically reverts to the option "A" pay out plan.