PMRS Benefit Options Explained
PMRS is pleased to share with you the following video segments to provide you detailed explanations of PMRS member benefits. Before you begin, we strongly encourage you to obtain your personal benefit estimate prior to watching so you are able to identify which benefit options pertain to you specifically.
|Our Goal||Our goal for the PMRS Retirement Options video|
|Overview||Overview of pension considerations|
|All PMRS plans have the following options|
|SLA||Single Life Annuity|
|Option I||Guaranteed Present Value Death Benefit|
|Option II||100% Joint Survivor Annuity|
|Option III||50% Joint Survivor Annuity|
|*Only specific PMRS plans have the following options|
|SLAS||Single Life Annuity (with Spouse's Option)|
|Option IV||An additonal option to Options I-III (lump sum withdrawal)|
|DROP||An explanation of the Deferred Retirement Option Plan|
|Taxation||Tax considerations for your pension|
|Your Decision||Key considerations in finalizing your retirement plans|
All video segments link to an external host not maintained by PMRS; please review our links disclaimer for additional information.