CAAT Pension Plan

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What if I Die Before I Retire?

If you have

Less Than 2 Years Pensionable Service or Plan membership

More Than 2 Years Pensionable Service or Plan membership

An eligible Spouse

Refund of your contributions plus interest to your Spouse

Payment of Commuted Value or pension based on Commuted Value to your Spouse

 

No eligible Spouse but eligible Children

Refund of your contributions plus interest to your designated Beneficiary (which can be your Children) or estate

Children's pension equal to 50% of accrued lifetime pension, and to your designated Beneficiary or estate, a payment of your Commuted Value minus the Commuted Value of the Children's pension

 

No eligible Spouse, no eligible Children

 

Refund of your contributions plus interest to your designated Beneficiary or estate

Payment of Commuted Value to your designated Beneficiary or estate

 

January 2008


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