870173 TMRS CAFR new8 fix 049-081.qxd - Texas Municipal ...

SCHEDULE OF RETIRED MEMBERS BY TYPE OF BENEFIT
Amount of
Annuity Recipients Type of Benefit
Retiree
Survivor Lifetime Options Guaranteed Term Options
Monthly Benefit Retirees Beneficiary Service Disability Life Only 100% 75% 50% 2/3 5 yrs 10 yrs 15 yrs
$ 0 100 309 94 279 124 54 212 2 37 21 28 19 30
$ 101 500 4,478 1,377 4,923 932 777 2,283 74 568 274 758 439 682
$ 501 1000 5,748 1,123 6,272 599 839 2,457 116 823 411 929 470 826
$ 1001 1500 4,212 582 4,581 213 540 1,664 102 671 345 626 306 540
$ 1501 2000 2,616 258 2,829 45 312 932 79 417 280 348 166 340
$ 2001 2500 1,660 168 1,808 20 185 611 56 269 209 232 92 174
$ 2501 3000 1,040 85 1,121 4 129 322 45 165 153 139 58 114
$ 3001 3500 652 47 696 3 64 163 39 116 98 110 33 76
$ 3501 4000 382 23 403 2 51 104 14 75 60 57 12 32
$ 4001 & Over 619 32 650 1 78 125 38 132 97 91 34 56
Subtotals 21,716 3,789 23,562 1,943 3,029 8,873 565 3,273 1,948 3,318 1,629 2,870
Totals 25,505 25,505 25,505
RETIREE LIFE - 100% SURVIVOR BENEFIT
A retirement annuity payable throughout the life of the
retiree. Upon death of the retiree, the same amount is
payable throughout the life of the designated beneficiary. If
the beneficiary dies before the retiree, the monthly payments
the retiree will receive after that will be increased to the
amount that would have been payable throughout the
retiree's lifetime only (Retiree Life Only).*
RETIREE LIFE - 75% SURVIVOR BENEFIT
A retirement annuity payable throughout the life of the
retiree. Upon the death of the retiree, three-fourths the
amount is payable throughout the life of the designated beneficiary.
If the beneficiary dies before the retiree, the monthly
payments the retiree will receive after that will be
increased to the amount that would have been payable
throughout the retiree's lifetime only (Retiree Life Only).*
RETIREE LIFE - 50% SURVIVOR BENEFIT
A retirement annuity payable throughout the life of the
retiree. Upon the death of the retiree, one-half the amount is
payable throughout the life of the designated beneficiary. If
the beneficiary dies before the retiree, the monthly payments
the retiree will receive after that will be increased to the
amount that would have been payable throughout the
retiree's lifetime only (Retiree Life Only).*
RETIREE LIFE - 2/3 SURVIVOR BENEFIT (NO
LONGER AVAILABLE)
A retirement annuity payable throughout the life of the
retiree. Upon the death of the retiree, two-thirds the
amount is payable throughout the life of the designated beneficiary.
If the beneficiary dies before the retiree, the monthly
payments the retiree will receive after that will be
increased to the amount that would have been payable
throughout the retiree's lifetime only (Retiree Life Only).*
RETIREE LIFE - FIVE YEARS GUARANTEED
A retirement annuity payable throughout the life of the
retiree. If the retiree dies before the expiration of a five-year
period after the date of retirement, the designated beneficiary,
or if one does not exist, the retiree's estate, will receive
the same amount for the balance of the five-year period, and
then all payments cease.*
RETIREE LIFE - 10 YEARS GUARANTEED
A retirement annuity payable throughout the life of the
retiree. If the retiree dies before the expiration of a ten-year
period after the date of retirement, the designated beneficiary,
or if one does not exist, the retiree's estate, will receive
the same amount for the balance of the ten-year period, and
then all payments cease.*
RETIREE LIFE - 15 YEARS GUARANTEED
A retirement annuity payable throughout the life of the
retiree. If the retiree dies before the expiration of a fifteenyear
period after the date of retirement, the designated beneficiary,
or if one does not exist, the retiree's estate, will
receive the same amount for the balance of the fifteen-year
period, and then all payments cease.*
RETIREE LIFE ONLY
A retirement annuity payable monthly as long as the
retiree lives. Upon the retiree's death all payments will
cease even though the retiree may have received only one
monthly payment.*
*If all eligible recipients die before receiving benefits at least equal to the member deposits and interest in the retiree's
account at the time of retirement, the remaining balance will be paid to the retiree's estate or beneficiary. If the retiree elected
to receive a partial lump-sum distribution, the amount of that distribution will reduce the member deposits and interest
used for this calculation.
T M R S COMPREHENSIVE ANNUAL FINANCIAL REPORT 2004
157