The Pension Plan includes a Preretirement Survivor Benefit for your spouse or other named beneficiary in case you die after you’re vested, but before you retire. The Plan will pay a Preretirement Survivor Benefit equal to 50 percent of the reduced pension benefit you would have received under the Joint and Survivor benefit payment form if you are vested and die:
- While in active service, or
- While receiving a pension disability benefit, or
- After you terminate employment but before you retire while you are entitled to a deferred vested benefit.
Preretirement Survivor Benefit – Married
A vested married participant may designate their spouse or another individual as beneficiary, as well as a contingent beneficiary, to receive their benefit should they die prior to retirement.
I am Married
Preretirement Survivor Benefit – Unmarried
A vested unmarried participant may name up to two beneficiaries under this coverage, as well as a contingent beneficiary.
I am Unmarried