Changing Your Payment Plan

If your retirement date is on or before Dec. 1, 2023, you may not change the payment plan you selected after you have cashed a retirement check, or after the 25th of the month following the month your first check is mailed (whichever occurs first), except under one of the following two conditions:

• If you select an option that provides a monthly benefit to your spouse as a beneficiary after your death (Option 2, 3, 6-2 or 6-3) and later become divorced from that spouse, or
• If you are rehired in a position covered by the same system from which you retired and contribute to your new account for at least three years.

If your retirement date is on or after Jan. 1, 2024, you may not change the payment plan you selected after the first regular payday or the first recorded payment (whichever is later), except under one of the following two conditions:

• If you select an option that provides a monthly benefit to your spouse as a beneficiary after your death (Option 2, 3, 6-2 or 6-3) and later become divorced from that spouse, or
• If you are rehired in a position covered by the same system from which you retired and contribute to your new account for at least three years.