Normal Form

Normal Form. A single life annuity, payable monthly, for a Participant who does not have a spouse on his retirement date, and a joint and 50% spousal survivor annuity for a Participant who does have a spouse on his retirement date. The single life annuity shall provide monthly payments to the Participant for his life. The joint and 50% spousal survivor annuity shall provide monthly payments to a Participant for his life with provision for the continuation of an amount equal to 50% of such monthly payments... to the Participant's surviving spouse for her life after the death of the Participant. Both forms of payment will guarantee 120 monthly payments View More

Normal Form. An unreduced life annuity with 50% spousal survivor annuity.