PMS, a strategy that can be employed by a pre retiree when activating a employer defined benefit plan, more commonly known as a pension. The concept: there are multiple pay out choices available to the retiree. One choice maybe for a straight life payout compared to a spousal benefit residual pay out. A straight life payout would have a higher number versus a spousal benefit. There may be other vehicles that can be employed using the difference between straight life payout, and another choice that could offer a better overall economic environment for the retirees and their estate.