Thursday, February 8, 2024
This webinar will explain in detail financial distribution options at retirement for Retirement Savings Plan (RSP) members and address the forms needed and application processes.
RSP members who meet minimum age and vesting requirements (five years of service credit) at retirement, have the following distribution options:
- Convert all or a portion of your account balance to lifetime income with the SURS Lifetime Income Strategy (single-life or joint-life options available).
- Purchase a lifetime monthly annuity with Principal Financial Group (single-life; single-life with guaranteed period of 10, 15 or 20 years; and 50% and 100% joint and survivor with guaranteed periods options available).
- Receive a lump-sum payout(s). Members give up eligibility for retiree health insurance with this option.
- A combination of the above options.
This webinar is free, but registration is required.
