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.


Description
Our Goal Warning: Selecting this link will take you to a non-Commonwealth website. Our goal for the PMRS Retirement Options video
Overview Warning: Selecting this link will take you to a non-Commonwealth website. Overview of pension considerations
All PMRS plans have the following options
SLA Warning: Selecting this link will take you to a non-Commonwealth website. Single Life Annuity
Option I Warning: Selecting this link will take you to a non-Commonwealth website. Guaranteed Present Value Death Benefit
Option II Warning: Selecting this link will take you to a non-Commonwealth website. 100% Joint Survivor Annuity
Option III Warning: Selecting this link will take you to a non-Commonwealth website. 50% Joint Survivor Annuity
*Only specific PMRS plans have the following options
SLAS Warning: Selecting this link will take you to a non-Commonwealth website. Single Life Annuity (with Spouse's Option)
Option IV Warning: Selecting this link will take you to a non-Commonwealth website. An additonal option to Options I-III (lump sum withdrawal)
DROP Warning: Selecting this link will take you to a non-Commonwealth website. An explanation of the Deferred Retirement Option Plan
In Summary
Taxation Warning: Selecting this link will take you to a non-Commonwealth website. Tax considerations for your pension
Your Decision Warning: Selecting this link will take you to a non-Commonwealth website. 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.