Partial Distribution Plus Monthly Pension

This option provides a one-time, lump-sum payment Payment of benefits in one payment. of your member account balance The dollar value of your PERS account as of a given date. This account consists of all contributions and earnings received as of December 31, 2003, plus any earnings received after December 31, 2003. to your beneficiary One or more persons, trusts, or organizations a member or participant names to receive plan benefits, if any, upon the death of the member or participant. at the time of your death.

If you are eligible for the employer death benefit, your beneficiary will receive a lifetime monthly benefit based on the employer funds if applicable.