But suppose he cannot make the annuity payments because the business fails or for other reasons?

This age may be the point at which life insurance benefits are paid to a survivor or annuity payments cease.

If Audrey died within the two-year period, the annuity payments would be received by her estate.

This was the first time that such an extra annuity payment has been issued by the System.

Your annuity payments will begin to accrue to your account that day.

Then, after you retire, you receive annuity payments each month for the rest of your life.

Traditionally, these plans pay the retiree monthly annuity payments that continue for life.

Each annuity payment is 4% higher than in the previous year to adjust for inflation.

When annuity payments begin at age 60, the monthly check will be $529 from the rollover account, compared with $220 otherwise.

Where can I view a statement for my annuity payments online?