Changing Your Payment Plan

You may not change the payment plan you selected when the first payment becomes normally due and the first benefit payment date has occurred, 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.