Survivor Benefits

After Retirement

In the event of your death, the death benefit is based on the form of pension you elected at retirement.

 

      If you elected a joint and survivor pension, the benefit will continue to your

      spouse at 60%, 75%, or 100% of your pension.

 

      If you elected a single life pension with a guarantee period, the benefit will

      continue to your beneficiary for the balance of the 5, 10, or 15 year guarantee

      period.  If you pass away after the guarantee period has expired, no further

      benefits are payable.

 

      If you elected a single life pension with no guarantee period, and you pass away

      before receiving a total accumulated benefit equal to your contributions to the

      Plan plus interest, the unpaid balance will be paid out in a lump sum to your

      beneficiary or estate.