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Retirees - Voluntary
Suspension of Payments
If you have retired but
want to stop your benefit now so you can receive a
higher early retirement benefit later, or receive a late
retirement increase, you may elect a voluntary
suspension of payments. Your spouse, however, must
agree in writing by signing the
Voluntary Suspension of Retirement Benefits Form.
Your early (or late) retirement
reduction (or increase) factor will be adjusted when you resume
your pension payments.
This adjustment to the early (late) retirement reduction
(increase) factor is made only once no matter how many
times your benefit payments are suspended, whether or
not the suspension is voluntary . For
this reason, the first time your benefits are suspended,
even if you are working in Alaska, it is referred to as
a "voluntary" suspension of benefits.
To resume your pension payments, submit a
Revocation of Voluntary Suspension form.
For detailed information about voluntary suspension
please review the
Summary Plan Description
or your Plan Booklet.