Retirement Option Election Form – Tier 1 – Option 1, Option 4 – Lump Sum

Category: #551 | Disability Retirement , Service Retirement , Vested Retirement , Application Form , Tier 1

Document Type: Application Form

Tier Number: Tier 1

File Number: 551

Form #551
This Retirement Option Election Form allows Tier 1 members to provide continuing income to their designated beneficiary(ies) upon their death, either as a Return of Reserve (Option 1) or a Lump-Sum Payment (Option 4). By electing a retirement option, you will receive a reduced lifetime retirement allowance.

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