Changing Your Retirement Benefit Payment Option

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.