Pre-Retirement Death Benefits for an Active* Participant

Pre-Retirement Beneficiary Benefit

Eligibility Requirements:

  • Active Participant at death
  • No age requirement
  • Terminated Covered Employment by death before retirement
  • No surviving spouse or married less than one year

Vesting Requirement:

  • Must be vested in Accrued Monthly Pension.

Death Benefits (Death of an Active* Participant. Benefits payable to spouse or beneficiary):

  • Beneficiary will receive a single sum payment equal to 60 times the Participant’s Accrued Monthly Pension on the date of his death.
Pre-Retirement Spouse Benefit

Eligibility Requirements:

  • Active Participant at death
  • No age requirement
  • Terminated Covered Employment by death before retirement
  • Must leave a surviving spouse to whom Participant was married for at least one year

Vesting Requirement:

  • Must be vested in Accrued Monthly Pension.

Death Benefits (Death of an Active* Participant. Benefits payable to spouse or beneficiary):

  • Spouse will receive monthly pension payments for lifetime based upon one-half of Participant’s Accrued Monthly Pension adjusted for the age difference between the Participant and spouse. If the spouse does not survive to receive at least 120 monthly payments, the remaining balance of the 120 payments will be paid to the next beneficiary in a single-sum.

*If you pass away after December 31, 2006 while you are performing Qualified Military Service, your beneficiary will be eligible for Pre-Retirement Death Benefits for Active Participants.

Post-Retirement Death Benefits

If you pass away in or after the first month for which your pension is payable, your death benefits depend on the form of payment that you selected at retirement.

Straight Life Pension

For those retirees who were receiving a Normal, Early, or Disability Retirement Pension in a Straight Life Form, Surviving spouse or beneficiary will receive death benefits in a single sum equal to the sum of A and B below:

A. Pension Death Benefit of:

  1. $6,000, if you had completed 20 or more years of Credited Service,
  2. $3,000, if you had completed at least 10, but less than 20 years of Credited Service, or
  3. $0, if you had completed less than 10 years of Credited Service

B. 60 guaranteed monthly payments, minus monthly payments already received, but always an amount equal to at least 12 times your Accrued Monthly Pension.

Joint and Survivor Pension

For those retirees who were receiving a Normal, Early, or Disability Retirement Pension in a Joint and Survivor Form, Surviving spouse will receive death benefits payable in two parts:

Single sum equal to the sum of A and B below:

A. Pension Death Benefit of: 

  1. $6,000, if you had completed 20 or more years of Credited Service,
  2. $3,000, if you had completed at least 10, but less than 20 years of Credited Service, or
  3. $0, if you had completed less than 10 years of Credited Service

B. 60 monthly guaranteed payments,minus monthly payments already received, but always an amount equal to at least 12 times your Accrued Monthly Pension.

Lifetime Annuity 

The spouse will receive a monthly benefit for his/her lifetime equal to 50%, 75% or 100% of the monthly amount received by the retiree based on his or her Accrued Monthly Pension (depending on which option was chosen at retirement). At the death of the spouse, the monthly payment ceases.