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If You Die Before You Start To Receive Payments
Before
You are Eligible for Retirement Benefits
If (1) you are still working for the Company or you have
terminated employment, (2) you die after having earned a non-forfeitable
(vested) right to your pension benefit but before you are eligible to receive
retirement benefits, (3) you were married at your death, and (4) you and your
surviving spouse had been married for the entire one-year period ending at your
death, your surviving spouse will be entitled to receive a survivor's benefit.
This benefit will be payable monthly for the life of your spouse starting on the
first day of the month after your death, but not before the date you would have
become eligible to receive retirement benefits. Your spouse must consent to the
immediate payment if it is to begin before your normal retirement date and the
value of the survivor benefits exceeds $5,000. If you were in active bargaining
unit employment on or after December 1, 1999, the amount of the survivor's
benefit will be equal to 75% of the monthly benefit you would have received if
you retired on the day of your death (but not before the date that you would
have been eligible for early retirement benefits), started receiving a pension
benefit under the qualified joint and survivor annuity, and died the day after
you retired. If you stopped working prior to December 1, 1999, your
spouse's survivor benefit is equal to 50% of the monthly benefit you would have
received if you retired on the day of your death (but not before the date that
you would have been eligible for early retirement benefits) and started
receiving an immediate pension benefit under the qualified joint and survivor
annuity and died the day after you retired.
After You are Eligible for Retirement Benefits
If (1) you are still working for the Company or you have
terminated employment, (2) you die after you have earned a non-forfeitable
(vested) right to your pension, and after you have become eligible to receive
retirement benefits but before those payments begin, (3) you were married at
your death, and (4) you and your surviving spouse had been married for the
entire one-year period ending at your death, your surviving spouse will be
entitled to receive a survivor's benefit. If your spouse elects, this benefit
will be payable as of the first day of the month, after your death. If you were
in active bargaining unit employment on or after December 1, 1999, the amount of
this benefit will be equal to 75% of the monthly benefit you would have received
if you retired on the day of your death and started receiving an immediate
pension benefit under the qualified joint and survivor annuity and died the day
after you retired. If you stopped working prior to December 1, 1999, your
spouse's survivor benefit is equal to 50% of the monthly benefit you would have
received if you retired on the day of your death and started receiving an
immediate pension benefit under the qualified joint and survivor annuity and
died the day after you retired.
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