Montana Public Employees' Retirement System Handbook 1989 Jan
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In our eReader you can find the full English version of the book. Read Montana Public Employees' Retirement System Handbook 1989 Jan Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book Montana Public Employees' Retirement System Handbook 1989 Jan
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If the retiree draws monthly benefits for less than 10 years (120 months), the beneficiary will be paid monthly benefits for the bal- ance of the 10-year period. The beneficiary, in turn, is able to desig- nate their own beneficiary to continue to receive monthly benefits for any remaining balance of the period certain (to cover the possi- bility that the first beneficiary will not live long enough to draw all the guaranteed benefits). Benefits cease to be paid to a beneficiary at the end of th...e 10-year period from the original retirement date.
LIFE ANNUITY, 20-YEAR PERIOD CERTAIN. (Available to those 65 years of age, or younger.) The Option 1 amount is reduced by applying the fixed factorof .8956. The resulting annuity will be paid to the retiree, for life. If the retiree lives for less than 20 years (240 months), the beneficiary will continue to be paid the same monthly benefit for the balance of the 20-year period. The beneficiary, in turn, is able to designate their own beneficiary to continue to re- ceive monthly benefits for any remaining balance of the period cer- tain (to cover the possibility that the first beneficiary will not live long enough to draw all the guaranteed benefits).
What to read after Montana Public Employees' Retirement System Handbook 1989 Jan?
You can find similar books in the "Read Also" column, or choose other free books by Montana. Public Employees' Retirement Division to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
If the retiree draws monthly benefits for less than 10 years (120 months), the beneficiary will be paid monthly benefits for the bal- ance of the 10-year period. The beneficiary, in turn, is able to desig- nate their own beneficiary to continue to receive monthly benefits for any remaining balance of the period certain (to cover the possi- bility that the first beneficiary will not live long enough to draw all the guaranteed benefits). Benefits cease to be paid to a beneficiary at the end of th...e 10-year period from the original retirement date.
LIFE ANNUITY, 20-YEAR PERIOD CERTAIN. (Available to those 65 years of age, or younger.) The Option 1 amount is reduced by applying the fixed factorof .8956. The resulting annuity will be paid to the retiree, for life. If the retiree lives for less than 20 years (240 months), the beneficiary will continue to be paid the same monthly benefit for the balance of the 20-year period. The beneficiary, in turn, is able to designate their own beneficiary to continue to re- ceive monthly benefits for any remaining balance of the period cer- tain (to cover the possibility that the first beneficiary will not live long enough to draw all the guaranteed benefits).
What to read after Montana Public Employees' Retirement System Handbook 1989 Jan?
You can find similar books in the "Read Also" column, or choose other free books by Montana. Public Employees' Retirement Division to read onlineMoreLess
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