Full annuity. If a participant retires and does not provide a survivor annuity to a spouse, former spouse or designated bene- ficiary, the participant receives a ‘‘full’’ annuity. A full annuity means an annuity computed without any sur- vivorship reduction. Example: Average salary $20,000 and maximum of 35 years of service. Average basic annual salary for high 3 consecutive years of service .................................................... $20,000 Multiplied by 2 pct .................................................... .02 $400.00 Multiplied by 35 years of creditable service ............ .35 Full annuity .............................................................. $14,000 § 19.10–2 Reduced annuity with reg- ular survivor annuity to spouse or former spouse.
Full annuity. If a participant retires and does not provide a survivor annuity to a spouse, former spouse or designated bene- ficiary, the participant receives a ‘‘full’’ annuity. A full annuity means an annuity computed without any sur- vivorship reduction. Example: Average salary $20,000 and maximum of 35 years of service. Average basic annual salary for high 3 consecutive
Full annuity. The Supplemental Retirement Benefit shall be payable in monthly installments as described in Section 2.2 of the SERP Agreement.
