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Form and Timing of Payment
Form and Timing of Payment contract clause examples

If the Member is not married on his Annuity Starting Date, his Retirement Benefit shall be payable as an immediate Single Life Annuity, as defined in [Section 6.02(a)(i)], unless the Member has elected an optional benefit as provided in [Section 6.02]. The amount payable as a single life annuity shall be determined as follows:

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If the Member is married on his Annuity Starting Date, and if he has not elected an optional form of benefit as provided in [Section 6.02], the Retirement Benefit payable shall be a 50% joint and survivor annuity described in [Section 6.02(a)(ii)] with the Member’s spouse as his designated Beneficiary.

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