Retirement Benefit Options
When you apply to receive monthly retirement or disability benefits, you must select a benefit option. You have these options to choose from:
Joint-and-Survivor Options (100%, 75%, or 50%)
Life Income, 15-Year Certain
For detailed information, see Comparison of Retirement Benefit Options
Who can be named as your survivor?
Anyone can be named as your survivor; however, if you choose a non-spouse survivor:
options may be limited
your spouse must agree to waive his/her survivor coverage
Once payments begin, you cannot change your survivor option or the person(s) you elect to cover.
Joint-and-Survivor options have a bounce-back feature. If you are predeceased by your survivor, your monthly payment reverts to the single-life benefit amount.
To learn more about the benefit options
Review the plan handbook and Your Guide to Retirement located on Forms & Documents
Contact the MSRS Service Center at 651-296-2761 or 1-800-657-5757.