Benefits on Death. 10.01 If a Member should die prior to their Normal Retirement Date, or their Early Retirement Date if such was elected, his Designated beneficiary will receive a refund of the sum of:
(a) their contributions on and after May 1st, 1972 prior to January 1, 1987 with Credited Interest; Plus
(b) the sum of:
(i) contributions made to the Plan by the member prior to May 1st, 1972;
(ii) interest credited to those contributions prior to May 1st, 1972 pursuant to the provisions of the Plan as constituted from time to time prior to that date;
(iii) Credited Interest on the sum of (a) and (b) computed from May 1st, 1972.
10.02 If a Member, who has terminated employment and, prior to January 1, 1987, elected or was required to leave all or a portion of their contributions in the Plan pursuant to Section 9 hereof, should die prior to their Normal Retirement Date, their Designated Beneficiary shall receive whichever of the following amounts is applicable:
(a) if the Member did not receive a refund of any contributions, the amount provided in Section 10.01 above; or
(b) if the member received a refund of contributions, the Member's death benefit pursuant to Section 10.01 above in the records of the Plan at their date of termination less the amount of any refund they received at that time and the result accumulated with Credited Interest to their date of death.
10.03 For service on and after January 1, 1987
(a) Before completion of two (2) years of Plan Membership. If a Member dies while in the service of the Company prior to their retirement date and before they have completed two (2) years of Plan membership, their Beneficiary will receive a refund of the Member's contributions made to the Plan on and after January 1, 1987, if any, with Credited Interest thereon.
(b) After completion of two (2) years of Plan Membership.
(i) the member's Spouse or, in the absence of a surviving Spouse, the member's beneficiary, shall be entitled to receive a lump sum amount equal to the commuted value of the member's deferred pension entitlement, calculated in accordance with Section 7.01 in respect of his service on and after January 1, 1987, and determined immediately prior to his death.
(ii) the Member's Spouse may elect, in lieu of the lump sum amount payable under paragraph (i), to receive an immediate or deferred pension payable on or before the surviving Spouse attains age sixty-five (65), the commuted value of which is equal to the lump sum amount to which the surviving Spouse wo...
Benefits on Death. A. All benefits payable on the death of the employee shall be paid to the estate of the employee except where the employee has named a beneficiary as in the case of a life insurance policy.
B. The Board agrees that upon the death of an employee the Board will continue the benefits and pay all premiums for MSP, EHB, and Dental for the month in which the death occurred and for two calendar months thereafter.
Benefits on Death. Upon the death of an employee on or after January 1, 1988 and prior to their retirement, their spouse shall be entitled to a lump sum amount calculated as the commuted value of the employee's accrued pension benefit at their date of death reduced by their accrued pension benefit as at December 31, 1986. If the employee has no spouse, the lump sum amount will be payable to their designated beneficiary or, if none, to their estate. Upon the death of a former employee whose service was terminated on or after January 1, 1988 and who is entitled to a deferred vested pension payable at their normal retirement date, their spouse shall be entitled to a lump sum amount calculated as the commuted value of the former employee's deferred vested pension reduced by their accrued pension benefit as at December 31, 1986 if such accrued pension benefit was included in the calculation of the deferred vested pension. If the former employee has no spouse, the lump sum amount will be payable to their designated beneficiary or, if none, to his estate. Upon the death of an employee who is receiving a pension from the fund at the time of their death, pension payments shall cease immediately unless an optional form of pension was elected at the time of retirement in which case benefits shall be paid in accordance with the optional pension elected.
Benefits on Death. 10.01 If a Member should die prior to their Normal Retirement Date, or their Early Retirement Date if such was elected, his Desig- nated Beneficiary will receive a refund of the sum of:
(a) their contributions on and after May 1st, 1972 and prior to January 1, 1987 with Credited Interest; plus
(b) the sum of:
(i) contributions made to the Plan by the Member prior to May 1st, 1972;
(ii) interest credited to those contributions prior to May 1st, 1972 pursuant to the provisions of the Plan as constituted from time to time prior to that date;
(iii) Credited Interest on the sum of (a) and (b) com- puted from May 1st, 1972.
10.02 If a Member, who has terminated employment and, prior to January 1, 1987, elected or was required to leave all or a portion of their contributions in the Plan pursuant to Section 9 hereof, should die prior to their Normal Retirement Date, their Designated Beneficiary shall receive whichever of the following amounts is applicable:
(a) if the Member did not receive a refund of any contribu- tions, the amount provided in Section 10.01 above; or
(b) if the Member received a refund of contributions, the Member’s death benefit pursuant to Section 10.01 above in the re- cords of the Plan at their date of termination less the amount of any refund they received at that time and the result accumulated with Credited Interest to their date of death.
Benefits on Death. Upon the death of an employee on or after January and prior to their retirement, their spouse shall be entitled to a lump sum amount cal- culated as the value of the employee’s pension benefit at their date of death reduced by their accrued pension benefit as at December If the employee has no spouse, the lump sum amount will be payable to their designated beneficiary or, if none, to their estate. Upon the death of a former employee whose service was terminated on or after January and who is entitled to a deferred vested pension payable at their normal retirement date, their spouse shall be entitled to a lump sum amount calculated as the commuted value of the former employee’s deferred vested pension reduced by their accrued pension benefits as at December Upon the death of an employee who is receiving a pension from the fund at their time of death, pension payments shall cease immediately unless an optional form of pension was elected at the time of retirementin which case benefits shall be paid in accordance with the optional pension elected.
Benefits on Death. Upon the death of an employee on or after January 1, 1988 and prior to their retirement, their spouse shall be entitled to a lump sum amount calculated as the commuted value of the employee’s pension benefit at their date of death reduced by their accrued pension benefit as at December 31, 1986. If the employee has no spouse,, the lump sum amount will be payable to their designated beneficiary or, if none, to their estate. Upon the death of a former employee whose service was terminated on or after January 1, 1988 and who is entitled to a deferred vested pension payable at their normal retirement date, their spouse shall be entitled to a lump sum amount calculated as the commuted value of the former employee’s deferred vested pension reduced by their accrued pension benefits as at December 31, 1986. Upon the death of an employee who is receiving a pension from the fund at their time of death, pension payments shall cease immediately unless an optional form of pension was elected at the time of retirement in which case benefits shall be paid in accordance with the optional pension elected.
Benefits on Death. Part-Time Employees’ Benefits ...................................................................................................... Part-Time Casual Employees’ Benefits....................................................................................... Job-Related Courses ......................................................................................................................
Benefits on Death. Upon the death of a Participant or Former Participant, the full value of such person's Individual Participant Account shall be paid to the spouse or designated Beneficiary in a manner described in Section 5.8.
Benefits on Death. In the event of the death of a Participant, his or her beneficiary will have a nonforfeitable interest in, and will be entitled to receive a benefit equal to, the balance of his or her Accounts, determined as of the Valuation Date coinciding with or immediately preceding the date distribution is to be made or commence. A Participant may at any time designate one or more persons to be the beneficiary or beneficiaries to receive all benefits payable under the Plan in the event of his or her death. A Participant may also revoke a prior beneficiary designation. A beneficiary designation or revocation of a designation shall be made in such form and manner as the Administrator may prescribe. No such designation or revocation shall become effective prior to its receipt by the Administrator. Notwithstanding the foregoing, if a Participant was married at the time of his or her death, he or she shall be deemed to have named his or her surviving spouse as beneficiary unless the spousal consent requirements of Section 7.8 have been met. If a Participant has not designated any beneficiary, or no designated beneficiary survives the Participant, the benefit payable upon his or her death will be paid to his or her estate.
Benefits on Death. The death benefit (if any) from this Plan for a Participant who dies from non-industrial causes as a Participant of a reciprocal system shall not exceed an amount which when added to the death benefit paid for such Participant under the reciprocal system equals the maximum death benefit payable under that system; provided, however, that such death benefit shall be at least the amount of the Participant's contributions under this Plan and, provided further, that if death is caused by industrial injury or disease in the reciprocal system the death benefit shall be the amount of the Participant's accumulated contributions.
