March 30, 2017 18:36 Updated Follow If we receive your benefit application with annuitization decision within six months of your effective retirement date, you'll get the annuitization rate in effect as of that date. Related articles What is the "Monthly ASA" option for retirement? If I annuitize my Annuity Savings Account (ASA), how does INPRS calculate my monthly benefit? What happens to my pension when I die? How can I estimate a monthly annuity benefit?