Level Income Option

If you chose the Level Income Option (LIO) at your retirement you agreed to receive a higher retirement benefit from your retirement date until age 65, and a reduced amount for the rest of your life.

You will be notified prior to your 65th birthday that your benefit will be reduced, regardless of the amount of any other retirement benefits, including Social Security, that you may be eligible to receive.

The LIO does not provide any survivor benefits. All benefits, including health insurance, will cease at your death.