Alternative form of annuity


Q. I am confused concerning alternative retirement. One person in the benefits department says one thing and then another person tells me something different. I have a disability which is critical and life-threatening. I was told I could get a lump sum and no monthly annuities for alternative retirement. Is this true? I am 62 years old.

A. The alternative form of annuity is payable to any employee who has a life-threatening condition resulting in a life expectancy of less than two years. To read more about it go to To find out which medical conditions qualify, go to


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