Optional Forms of Payment. Other forms of pension are available. For example, you may elect a pension with a guaranteed payment period, or you may elect to have part of your pension continued to a joint annuitant after your death. If you retire before age 65, you may also elect a level income option, which provides for a stable flow of income throughout retirement. Each specific option will result in a particular adjustment to your normal pension. All options available will be fully explained to you prior to retirement. To help you choose the form of your pension, you may request a statement showing the amount of pension available under each option.
Appears in 3 contracts
Sources: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement