Montana Public Employees' Retirement System Handbook 1994 May
The book Montana Public Employees' Retirement System Handbook 1994 May was written by author Montana. Public Employees' Retirement Division Here you can read free online of Montana Public Employees' Retirement System Handbook 1994 May book, rate and share your impressions in comments. If you don't know what to write, just answer the question: Why is Montana Public Employees' Retirement System Handbook 1994 May a good or bad book?
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All monthly benefit payments end when the retiree dies. Option 2 pays a smaller monthly amount for as long as the retiree lives and, upon the retiree's death, continues to pay the same amount to the contingent annuitant. The Option 2 benefit is computed by multiplying the Option 1 benefit by the Option 2 factor (found in Table III on page 25). The Option 2 factor is based upon the difference in age between the retiree and the contingent annuitant. Option 3 pays a larger monthly amount than Opti...on 2, but less than Option 1, for as long as the retiree lives. Upon the retiree's death, the contingent annuitant will receive 1/2 the monthly benefit the retiree received at the time of death. The Option 3 factor is also based upon the difference in ages and the Option 3 benefit is computed by multiplying the Option 1 benefit by the Option 3 factor (found in Table III on page 25). Option 4 pays the retiree a monthly benefit for as long as the retiree lives. If the retiree dies prior to receiving benefits for a "certain" or guaranteed period of time, the monthly benefit will continue to the contingent annuitant(s) for the remainder of the guaranteed time period and will then cease.
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