§ 25013 Annuity Transfer Credits

• •If you choose to get your retirement money as regular payments (like a monthly check) instead of a lump sum,
• •The money saved in your special retirement account (Defined Benefit Supplement) will be moved to another account called the Annuitant Reserve.
• •This move happens only if you pick the regular payment option.

Imagine you have a piggy bank where your extra retirement money is kept. When you retire, you can choose to get all the money at once or get smaller amounts every month.

If you choose the monthly payments, the money from your piggy bank (Defined Benefit Supplement) is moved to a different piggy bank (Annuitant Reserve) to pay you every month.