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1009 STATE of CONNECTICUT OFFICE of the STATE COMPTROLLER RETIREMENT SERVICES DIVISION Option a 50% Spouse PART I GENERAL INFORM
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People also ask
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What does 100% joint and survivor with pop up mean?
You may elect the 50%, 75% or 100% Joint and Survivor Options with a "Pop-Up Option." The Pop-Up Option reduces the monthly amount that would otherwise be payable under the 50% Joint and Survivor Pension or the 75% or 100% Joint and Survivor Options. -
Can ex wife claim my pension years after divorce in Connecticut?
Yes. The Court may require that a Domestic Relations Order be filed designating that a portion of the member's benefits be paid to the Alternate Payee. -
What does joint and 100% survivorship mean?
A joint-and-survivor annuity pays you during your lifetime and then continues to pay your spouse or other named beneficiary. You might be able to choose either a 100, 75, or 50 percent joint-and-survivor annuity. The 100 percent option gives your survivor the same monthly benefit that you received. -
What does 50% annuity mean?
For married employees, the required form of payment is a 50-percent joint-and-survivor annuity designed to provide a “joint” benefit while both the retiree and spouse are alive and half of that amount (the 50-percent “survivor” annuity) to the spouse upon the death of the retiree. -
What is 100% annuitant?
Option B - 50% or 100% Contingent Annuitant This option provides you a reduced monthly benefit for your life and allows you to guarantee lifetime payments after your death to any one person. -
What is the rule of 75 in the state of CT?
Tier III and Tier IV Deferred Vested with 15 years of Actual State Service - member must meet the Rule of 75 (combination of age and Actual State Service equals 75 or more) to be eligible for retiree health benefits. -
What is the 100% contingent annuitant option?
This option provides you a reduced monthly benefit for your life and allows you to guarantee lifetime payments after your death to any one person. After your death, a percentage of your reduced benefit, either 50% or 100%, whichever you choose, will continue for your contingent annuitant's life. -
Do CT State employees get health insurance after retirement?
In-state retirees choose among the same health insurance plans offered to active employees. In most cases these plans will be offered at a lower cost (possibly at no cost) in retirement.
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