Joint and Survivor Annuity
A reduced annuity payment that provides a life annuity to the participant and a survivor annuity for the spouse after the participant’s death. The Standard Annuity benefit is reduced by TRS based on the age of the beneficiary and the percentage of benefit chosen for the beneficiary. TRS allows members to choose among a 100%, 75% and 50% survivor options. If the beneficiary was to pre-decease the member then the reduced benefit is increased back to the Standard Annuity amount.