Investment Dictionary

Guaranteed Period Annuity

A reduced annuity payment made payable for a guaranteed minimum period of time. The Standard Annuity benefit is reduced based on the member’s age and period chosen. The annuity payment is paid to the retiree throughout their lifetime; however, if the retiree dies before the guaranteed number of payments have been made a beneficiary will receive the remaining payments. TRS allows members to choose between a 5 and 10 year guaranteed period.

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