Life Only. Periodic payments are made to the designated payee during the Annuitant’s lifetime. Payments stop when the Annuitant dies.
Life Only. Is a pension payable for the life of the retiree with a guaranteed payout of the value of the employee’s contribution and interest. If the retiree has a spouse and elects this option, the spouse must waive his or her rights on a Spousal Waiver Form. Any balance owed goes to the beneficiary.
Life Only. You may choose to receive a pension payable for your lifetime only. This amount of pension is greater than the normal form of pension because benefits are paid for your lifetime only, and are not guaranteed over a period of time. Life-Guaranteed for 60 Monthly Payments You may choose to receive a pension payable for your lifetime, with guarantee that 60 monthly payments are paid. This amount of pension is greater that the normal form of pension because benefits are guaranteed for a shorter period of time.
Life Only. Single life annuity for life only: Payable only while the Annuitant is living. • Joint life and 100% to survivor for life only: Payable while either Xxxxxxxxx is living. Annuity payments will cease after the death of the last surviving Annuitant. • Joint life & percent payable to survivor for life only: Payable while both Annuitants are living. Reduced after the death of either Annuitant. When the surviving Annuitant dies, payments will cease.
Life Only. If you do not have a spouse when you retire, the normal form of pension is "Life Only" which means that payments stop when you die.
Life Only or years 2 Termination Benefits.. . . . . . . . . . . . . . . . . . . . . . . . If you die before Retirement.. . . . . . . . . . . . . . . . .
Life Only. An increased monthly pension which is payable for the remaining lifetime of the retired Member, ceasing upon the Member's death.
