Educate Yourself

Changing Your Plan of Retirement

After I retire, can I change my plan of retirement?

After you begin receiving a monthly retirement benefit, if you have chosen Plan A (Maximum Plan), you cannot change to Plan B, which allows your monthly benefit to be passed to a beneficiary at your death.  If, at retirement, you chose Plan B, you may change your plan of retirement or beneficiary(ies) designation only as follows:

1.      If your beneficiary is to receive survivor's benefits after your death and the beneficiary predeceases you, you may change your plan of retirement, and you may designate a different beneficiary. The resulting benefit would be of the same actuarial value as the benefit you were receiving prior to the change.

2.      If you have named your spouse to receive survivor's benefits after your death and you become divorced, you may change your plan of retirement, and you may designate a different beneficiary. The resulting benefit would be of the same actuarial value as the benefit you were receiving prior to the change.

For both Plan A and Plan B retirees - if, after retirement, you terminate your retirement, become a member again, and subsequently retire, you may select a different plan of retirement and designate different beneficiaries upon your re-retirement.  Beneficiary designations were identified by you at the time of your retirement. To review information regarding beneficiary designations, click on the link below.