ARP Qualifying Annuities for AHCP Enrollment and Sick Leave Payout

• Verification of an annuity (of at least $10,000) must occur prior to enrollment in the AHCP and the payment of unused sick leave
• Examples of qualifying annuities for each ARP vendor are as follows:

TIAA-CREF

• Lifetime annuity
• Interest-only option (IPRO)

Fidelity

•  Lifetime Income Annuities: can choose from Genworth, Hartford, ING, John Hancock, Mass Mutual, and Principal   

ING

• Life income
• Life income with 5–30 years guaranteed
• Life income with cash refund (available for fixed payouts only)
• Joint and full survivor
• Joint and full survivor with 5–30 years guaranteed
• Joint and full survivor with cash refund (available for fixed payouts only)
• Joint and 66-2/3 percent of 50 percent survivor (payments reduced on death of either)
• Joint and 50 percent contingent (payments reduced by 50 percent only upon death of annuitant)

VALIC

• Single life annuity
• Joint and survivor annuity
• Unit refund life annuity
• Interest income

• Human Resources Office
• Sutton Hall, Room G8
  1011 South Drive
  Indiana, PA 15705
• Phone: 724-357-2431
• Fax: 724-357-2685

• Office Hours
• Monday through Friday
• 8:00 a.m. – 4:00 p.m.