II. PSSA Disability Retirement Approved |
(1) Immediate Annuity
or
(2) Lump Sum Payment
|
(1) Offset immediately by full amount
(2) Offset immediately by amount equal to immediate annuity until full amount of lump sum has been offset
|
III. PSSA Disability Retirement Applied for but Not Approved |
(1) Deferred Annuity at Age 60
(2) Annual Allowance
(3) Actuarial Transfer Value
(4) Return of Contributions
|
(1) Offset at age 60
(2) Offset when payable
(3)&(4 ) Monthly offset at age 60 by amount equal to deferred annuity but capped when total of actuarial transfer value or lump sum has been
offset
|
IV. Application for PSSA Disability Retirement not Made |
(1) Deferred Annuity at Age 60
(2) Annual Allowance
(3) Actuarial Transfer Value
(4) Return of Contributions
|
(1)(2)(3) & (4) Offset immediately by amount of equivalent immediate annuity unless claimant proves that an application for a disability retirement
had been declined. Capped when total of actuarial transfer value or return of contributions has been offset.
Where such proof is provided, offsets as in III above. *
|