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Retirement Option Election Form NYSNA Pension Plan and Benefits

Retirement Option Election Form NYSNA Pension Plan and Benefits

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this video is a brief rundown of each of the annuity options available under the school defined benefit retirement plan all of the benefit options provide for a guaranteed income stream or a lifetime monthly benefit payment for you the member regardless of which option you choose when you cease employment and begin drawing a benefit you will receive a monthly payment for the rest of your life the options secure different types and ranges of payment for your chosen beneficiary depending on which option you select the monthly benefit payment that you receive may increase or decrease to see how each option may affect your monthly benefit amount you should run benefit estimates on our benefit estimate calculator which is located on our website many factors should be considered prior to picking which annuity option is right for you and your family some things to consider are your health the health of your family members who depend on you for income and financial stability your current finan

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