AAFES Retirement Plan for Eligible Civilian Employees of the Army & Air Force Exchange Service


The information contained in this booklet explains and illustrates your Retirement Plan. The terms and conditions of the Plan are set forth in the full text of the Plan. If there is any conflict between this summary and Plan document, the terms and conditions of the full text will govern.


new : Direct Deposit Form For Pension Payments
new : State Withholding Certificate For Pension/ Annuity Payments
new : Executive Management Program Benefits 
 

SUMMARY PLAN DESCRIPTION

About This Booklet

How You Participate In The Plan

What Determines The Amount of Your Pension

Your Social Security Benefit

How the Formula Works If You Retire At Normal Retirement At Age 62

Estimating Your Own Income at Normal Retirement

Minimum Pension

A Word About Social Security

Cost-of-Living Adjustments (COLAs)

When You Can Retire and Receive Benefits

What Happens If Your Employment Ends Before You Qualify for Retirement

Reemployment

Special Disability Benefit

Benefits payable Upon Your Death

Pensions for Survivors If You Die After Retirement

Special Rules for Disability Benefits

Adjustment If Your Marriage Ends or Your Spouse Dies

Adjustment If Your Named Survivor Dies

Important Note

Pensions for Survivors If You Die While Employed

If Eligible for Retirement (Except Optional Early)

If Not Eligible for Retirement, or If You Are Only Eligible for Optional Early

Lump Sum Death Benefits

Cash Settlement of Small Pensions

Future of the Plan

Your Rights Under the Plan

Questions about benefits or 401(K)? Contact your local Human Resources office.


EXPLANATION OF TERMS

Annuity

Army & Air Force Motion Picture Service (AAFMPS)

Contingent Annuity

Creditable Military Service

Creditable Prior Bookstore Service

Creditable Prior NAFI Service

Creditable Service

Credited Civilian Service

Interest

Involuntary Early Retirement

Involuntary Termination of Employment

Lump Sum Death Benefit

Normal Retirement

Optional Early Retirement

Panamanian AAFES Service

Permanent Annuity

Totally & Permanently Disabled

Vesting or Vested Benefit

Temporary Annuity

Voluntary Early Retirement

Workers' Compensation

QUESTIONS AND ANSWERS

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