Pension Benefits or awarded during the time you were receiving TRF Hybrid disability benefits will be used in the calculation of the retirement pension benefit. At least once a year until you reach age 65, you are required to confirm continued eligibility for Social Security disability benefits. Disability Alternatives If you have 5 years of creditable service, are not eligible for early retirement, and have a copy of your request to Social Security for disability determination on file with INPRS, you may request a lump sum withdrawal of your DC account. To withdraw your DC funds, you can access your online account. If you need further assistance, see section 1.7 for contacting INPRS. 7.11 Minimum Retirement Pension Benefit Effective July 1, 2017, the minimum pension benefit paid to a regular retired member receiving an unreduced pension benefit is $185. 7.12 Pension Benefit Payment Options The payment decisions you make at retirement will affect the amount of your monthly pension benefit and determine whether any survivors will receive a monthly benefit after your death. TRF Hybrid pension benefit options are listed in the chart below. Pension Benefit Options Pension Benefit Details Five-Year Certain with Lifetime Monthly pension benefits for the rest of your life. Guarantee If you die before receiving 60 monthly benefit payments, your beneficiary(ies) will receive that monthly benefit for the remainder of those 60 months, or a lump sum distribution equal to the present value of those remaining payments. re available to the After 60 months (5 years), no payments a beneficiary(ies). Straight Life (Benefit with no Receive a monthly pension benefit for life. Guarantee) No monthly payments to anyone after your death. Joint with 100% Survivor Benefit Monthly pension benefit for life. After your death, the same monthly benefit will be paid to your named survivor for the survivor’s lifetime. You will need to contact INPRS if your survivor/beneficiary is not your spouse. There are restrictions (age, child, etc.) and only one survivor can be named. Joint with 66⅔% Survivor Benefit Monthly pension benefit for life. After your death, two-thirds (66⅔ percent) of the monthly benefit will be paid to your named survivor for the survivor’s lifetime. You will need to contact INPRS if your survivor/beneficiary is not your spouse. There are restrictions (age, child, etc.) and only one survivor can be named. Teachers' Retirement Fund Hybrid Plan Member Page 35 of 47 Handbook Effective: 07/01/2024