SMP FAQ - What are my provider options for selecting a monthly annuity?

June 28, 2016 - 10:25
Printer-friendly versionPDF version
Question: 

What are my provider options for selecting a monthly annuity?

Category: 
Distribution Options/Health Insurance
Answer: 

SURS currently uses Principal Life Insurance Company and TIAA as annuity Providers. You may use one or both for your annuity payout(s).  Since Fidelity is a mutual fund company and not an insurance company, they cannot pay out annuity retirement benefits.  Only insurance companies can issue annuity contracts.

Tags: