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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