Option A

This option provides the highest payment to you. There is no payment to a beneficiary after your death.

Option B

This option provides a lower option to you, but after your death there is a lump sum payment to your beneficiary of any remaining balance of your account. The total annuity portion of your retirement paid to you through the date of your death is deducted from your accumulated contributions; any remaining balance is payable to your beneficiary.

Option C

This option provides a lesser amount payable to you but provides that your beneficiary will receive two thirds of your allowance, payable on a monthly basis, upon your death. This benefit is based on the age of your beneficiary as well as your own age. The younger the beneficiary, the lower the amount payable. Eligible beneficiaries for an option ( c ) benefit are: spouse, child, father, mother, sister or brother.