Your normal retirement benefit is a lump-sum equal to the balance of credits in your employee and employer accounts.

The entire lump-sum payment may be eligible to roll over into:

  • An IRA.
  • A defined contribution plan, such as Pension2.
  • Other eligible retirement plans that accept such a rollover.

If you have a balance of $3,500 or more, you may choose to receive your funds as one of these five annuities:

  • Participant-Only Annuity
  • 100% Beneficiary Annuity
  • 75% Beneficiary Annuity
  • 50% Beneficiary Annuity
  • Period-Certain Annuity 3-10 years