Retirement Benefit amounts shown in this SPD are based on Retirement Benefits being paid for your life with a minimum payment period of 60 months (five years) guaranteed (referred to as Five Years Certain & Life), with annual cost-of-living adjustment (COLA) increases. This means you will receive monthly payments for life. If you die before you receive 60 payments, your Designated Beneficiary will receive monthly payments until a total of 60 payments are made. [Section VI(A)]
Other payment forms are available with the amount payable reduced to recognize additional cost. All of the available payment forms are summarized below.
