If you die before or after retiring under the
Plan, your surviving spouse is entitled to a Surviving Spouse Pension. Refer
to your Summary Plan Booklet (pages 20-25) for a complete description of
Survivor Benefits.
Post-Retirement Surviving Spouse 75%
or 50%
Husband-and-Wife Benefit
This benefit provides that, upon your death,
half of your monthly benefit will be paid to your surviving spouse for life.
To qualify for the 75% or 50% Husband-and-Wife Pension, you must be married to your
spouse at retirement and for at least one year preceding the date of your
death. Your benefits (with the exception of Disability) are
automatically payable in the form of 75% or 50% Husband-and-Wife unless you and
your spouse reject this form of payment in writing before your pension
begins.
Post-Retirement Lump-Sum Death
Benefit
If you retire on a pension based on at least
ten Pension Credits and you die, your designated beneficiary will receive a
lump-sum death benefit. The amount of the death benefit is equal to
$1,000 per Pension Credit, subject to a maximum of $20,000. This benefit is
reduced by any pension payments received prior to your death, to a minimum
of $2,000.
Pre-Retirement Surviving Spouse
Pension
If you die before your retire under the Plan,
your spouse will receive a Pre-Retirement Surviving Spouse Pension if all of
the following conditions are met:
- You earned at least five year of Vesting
Service or ten Pension Credits
- You have at least on Hour of Work after
December 31, 1975; and
- You were married to your spouse during the
one-year period immediately before your death.
The benefit is determined based on the your
age and the number of Pension Credits at the time of your death. Refer to
the Summary Plan Booklet for more information.
Pre-Retirement Death Benefit
If you die before you retire under the Plan
and the Pre-Retirement Surviving Spouse Pension is not payable, your
designated beneficiary is eligible for the Pre-Retirement Death Benefit if
at the time of your death you:
- Had at least five Pension Credits; and
- Worked in Covered Employment for at
least 500 hours during the calendar year in which you died or during
the immediately preceding calendar year.
The amount of the death benefit will be
determined based upon the number of Pension Credits you have at the time of
your death. The minimum benefit is $750 with a maximum benefit of $20,000.
Refer to you Summary
Plan Booklet for more information.
