Statewide Defined Benefit Plan definition
Examples of Statewide Defined Benefit Plan in a sentence
I would like an estimate prepared to purchase a monthly lifetime benefit using my: Statewide Defined Benefit Plan SRA - select either: entire account - or - dollar amount of $ Statewide Hybrid - Money Purchase Component - select either: entire account - or - dollar amount of $ DROP - select either: entire account - or - dollar amount of $ I do NOT want an estimate prepared on the purchase of a monthly lifetime benefit.
You may use all or a portion of your Statewide Defined Benefit Plan Separate Retirement Account (SRA), Statewide Hybrid Plan - Money Purchase Component and/or DROP account to purchase a monthly lifetime benefit and have it considered as part of your monthly pension.
Disability benefits under the Statewide Death and Disability Plan are paid in lieu of defined benefits under the Statewide Defined Benefit Plan to members granted a permanent occupational disability or a total disability.