Pension Payment Options

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Survivor options reduce your monthly payment for your lifetime and:

	A) Stop with your death.
	B) Continues a monthly payment for the life of your beneficiary.
	C) Continues a monthly payment and insurance for the life of your beneficiary.
	D) Discontinues the payment and insurance if your beneficiary spouse remarries.

You can name which of the following as your survivor option beneficiary?

	A) Your spouse only.
	B) A trust.
	C) A charity.
	D) Your spouse, your child by birth or adoption, your grandchild, your parent, or your sibling.

If you take a survivor option and your beneficiary predeceases you:

	A) Your reduced monthly pension payment returns to the straight life amount.
	B) Your monthly payment continues to be reduced.
	C) You can name a new beneficiary.
	D) You can get a lump sum pay out.

If you are married at the time of retirement:

	A) You don’t have to do anything special.
	B) Your spouse is entitled to be your 100% survivor option beneficiary.
	C) Your spouse gets 50% of everything.
	D) You are very fortunate.

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