Iowa Admin. Code r. 661-402.207 - Optional retirement benefits
Members of the system who retire under a service retirement may elect to receive one of the following optional retirement benefits and have the optional retirement benefit or a designated fraction of the benefit paid to the member's beneficiary:
1. Straight life
annuity.
2. Straight life annuity
with five years certain.
3.
Straight life annuity with ten years certain.
4. Joint and 50 percent survivor
annuity.
5. Joint and 75 percent
survivor annuity.
6. Joint and 100
percent survivor annuity.
7. Single
life annuity with a designated lump sum.
For the purposes of this rule, a "beneficiary" means a member's spouse, child, or dependent parent.
Notes
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