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Benefit Payout Options
How Your Retirement Benefit is Paid
You receive your retirement benefit in the form of a lifetime monthly benefit according to the payout option you choose when you apply for service retirement. Payout options include:
The payout option you select at retirement is irrevocable. You cannot change it after you have submitted your retirement application. If you choose the Survivor Option, you can change it only under certain circumstances. Before deciding the best option for you, review your Handbook for Members or contact your human resource office.
Let myVRS Estimate Your Benefit
You can create estimates using different benefit payout options through your personal myVRS member online account. Go to myVRS Log-in Page.
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