Payable to your designated beneficiary or your estate. This includes salary, administrative allowances, isolation pay, vacation pay, retroactive salary, and compensation for an acting assignment longer than three months.
Note that annual earnings do not include car allowances, early retirement incentives, expense allowances or reimbursements, overtime, pay in lieu of vacation, salary from teaching night or summer school classes, or signing bonuses.
Your Principal Sum is two times your annual earnings at the time of retirement to a maximum of $800,000.
If you are an Early Retiree or MyRetiree Plan member, your annual Premium Statement and Claim Summary will be available in your My ASEBP account, under the Documents tab, no later than February 28.
