1. Review Pension Worksheet page 1 & page 2 found in Files: Lesson 10 Time Value of Money.
2. Identify the five (5) options that are available for the pension distribution.
3. Explain the payout terms of each option (note: you may need to do some independent research to ascertain the payout terms).
4. Identify which option you would select and describe why you would select that option.
5. Describe why you would not select the other options.

Pension Calculation Statement - The PNC Pension Plan Your benefit from First of America Bancorporation, under the First of America Bancorporation Employees' Retirement Plan, which is now part of the PNC Pension Plan, was calculated based on the information listed below. Review this information carefully. To protect your privacy, your beneficiary's Social Security number isn't shown. To verify this information, call the PNC HR Service Center. Payment Option Information Following is a list of payment options that are available to you. See the Pension Option Descriptions for additional options that may be available. To make your elections, you must choose one of the options below. Regardless of the payment. option you choose, you can't change your payment option after the date you begin receiving benefits. The Single Life Annuity is the automatic payment form if you're single, however, you may choose a different payment option. The 100%, Joint and Survivor Annuity is the automatic payment form if you're married, however, you may choose a different payment option with your spouse's consent. PNC Financial Services Group reserves the right to correct any errors. If it's determined at any time that the information provided on this statement conflicts with the benefit defined by The PNC Pension Plan, The PNC Pension Plan will prevail. Under the law, a plan must be operated in accordance with its terms