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Thursday, August 28, 2014

Offering the Security of Guaranteed Lifetime Income

Will your retirement savings last as long as your retirement? If you’re concerned about making your savings last through your lifetime, MERS offers you another option. The MERS Stable Income Annuity is a plan that allows you to convert your retirement account into a guaranteed income stream for life, or a period of your choice. There may also be the flexibility of a lump sum payment depending upon which annuity option you choose.

The Stable Income Annuity is an excellent way to maintain an income stream that is matched to your personal financial needs while adding the flexibility of lump-sum payment options. 

How It Works

The MERS Stable Income Annuity allows you to convert your retirement account or savings into guaranteed income stream for life, or a period of your choice. There are no costs or fees to enroll in the annuity, and there may be some favorable tax advantages. Here are some of the payment options available to you.

  • Life Income*
  • Life Income with Installment Refund
  • Life Income with Certain Period*
  • Joint and Survivor Life Income
  • Joint and Survivor Life Income with Installment Refund
  • Joint and Survivor Life Income with Certain Period
  • Joint and Contingent Survivor Life Income
  • Certain Period*

*Inflation protection available. You can elect to guard against the effects of inflation with an annually increasing payment of 1%, 2%, 3%, 4% or 5%.

Note: The MERS Stable Income Annuity is also the default payment option for married Defined Contribution Plan members, unless the spouse signs a written waiver.

Request a Free Estimate

For more information or to receive an individual estimate, please contact our Service Center at 800.767.2308.

Did You Know?

Experts estimate you'll need as much as 90% of your working income in retirement. Find out if MERS Stable Income Annuity can help you. Click here or call us at 800.767.2308 to request a free estimate.

Start Planning

Do you know how much you'll need in retirement? Click here to estimate your future costs.

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Disclaimer
The information contained in this Web site is being made available as a public service. The information is not intended to constitute legal or investment advice, or to replace official versions of that information. Benefit Estimates or Service Credit Purchase estimates requested through this Web site are not official descriptions of any benefits, and do not represent a promise by MERS to provide any benefit(s) to any person(s). No one can detrimentally rely upon the information provided in, or requested through this Web site. MERS reserves the right to correct any errors, and presents this information without warranties, express or implied, regarding the information?s accuracy, timeliness or completeness. If you believe the information is inaccurate, out-of-date, or incomplete, or if you have problems accessing or reading the information, please call MERS at 800.767.MERS (6377).