Marriage after Retirement

Mar 24, 2020, 16:15 PM
Marriage-after

Did you get married during your retirement years? Congratulations!

When you retired, you elected a benefit payment option. There are certain circumstances under which you may reelect your benefit payment option. For example, if you were single at retirement (not eligible to elect a joint & survivor option) and elected the Life Income Annuity option, you may change your benefit payment option now that you have married.

It is important to note that you will have one year from your date of marriage to reelect one of the joint & survivor options and name your spouse as the beneficiary.

If you elected one of the joint & survivor options on your Retirement Election form and your spouse dies, this provision will allow you to provide a survivor benefit for your new spouse if you remarry. You will have one year from your date of marriage to reelect one of the joint & survivor options and name your new spouse as the beneficiary.

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