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