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


About Author

Reg Jones was head of retirement and insurance policy at the Office of Personnel Management. Email your retirement-related questions to

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