Thursday, April 12, 2007

LASERS-Did you know?

If a member selects the Maximum Plan as a retirement option, he/she will receive the basic benefit, paid monthly for the lifetime of the member.

It does not pay a monthly benefit to your spouse, or other dependents. If the Maximum Plan is chosen and you should die before all of the member contributions you paid in are depleted, your beneficiary would receive a lump sum payment of only your remaining member contributions.