Death After Retirement. If a Member should die after they have retired the remainder of the form of Pension elected in accordance with Section 12 hereof shall be paid to the Spouse or Designated Beneficiary.
Death After Retirement. The Employer agrees that if the Executive shall so retire, but shall die before receiving the full amount of payments to which he is entitled hereunder, it will continue to make such payments to the Executive's designated beneficiary as provided for in this Agreement. If a valid Beneficiary Designation is not in effect, then the payment shall be made to the Executive's Surviving Spouse, or if none, said payment shall be made to the duly qualified personal representative, executor or administrator of the Executive's estate.
Death After Retirement. In the event of the Executive's death after commencement of the Executive's Supplemental Retirement Benefit, the Executive's Beneficiary shall receive, beginning with the first day of the month following the Executive's death and payable monthly, an annual amount equal to two-thirds of the Supplemental Retirement Benefit that was being paid to the Executive prior to the Executive's death.
Death After Retirement. The Bank agrees that if the Executive dies after the Retirement Date but shall die before receiving the full amount of monthly payments to which he is entitled under this Agreement, the Bank will continue to make such monthly payments to the Executive's designated Beneficiary for the remaining period. If a valid Beneficiary Designation is not in effect, the payments shall be made to the Executive's surviving spouse or, if none, said payments shall be made to the duly qualified personal representative, executor or administrator of Executive's estate.
Death After Retirement. If you die after your pension payments have begun, and you waived the spousal benefit, your beneficiary will receive the excess of your contributions with interest over the amount you have received in pension, if any.
Death After Retirement. The benefit payable will depend on the type of retirement option that you may have elected. The normal and optional forms are discussed in a previous paragraph.
Death After Retirement. The benefits payable in the event of your death after retirement will depend on the form of pension you chose at retirement. See Pension Payments above for more information.
Death After Retirement. The normal pension is payable for life and guaranteed for 10 years (l20 monthly installments). Optional forms of payments are available -- life only, 5 year guarantee, Joint and Survivor.
Death After Retirement. The Bank agrees that if the Executive shall so retire, but shall die before receiving the full amount of monthly payments to which he is entitled hereunder, it will continue to make such monthly payments to the Executive’s designated Beneficiary for the remaining period. The Executive shall execute a Beneficiary Designation as shown on the attached Schedule “C”, but if a valid Beneficiary Designation is not in effect, the payment shall be made to the Executive’s surviving spouse or, if none, said payments shall be made to the duly qualified personal representative, executor or administrator of his estate. Bank may, at its option, make a lump sum payment based upon the present value of remaining benefit.
Death After Retirement. Joint and Survivor Pension Your vested accrued basic pension and minimum supplements are payable for as long as you live and cease as of the first day of the month in which your death occurs. A plan member with an eligible spouse who takes Normal, Special Early, 85 Point, Disability or Other Early Retirement on or after April 1, 1999 shall receive a joint and survivor pension, unless the member delivers to the Plan Administrator (thorough your Human Resources office) a written waiver of such entitlement in the prescribed form within the 12 month period immediately preceding the commencement of the payment of the pension benefit. Unless waived, your accrued basic pension and lifetime supplement, if any, shall be reduced by 10% during your lifetime. Upon your death, your eligible surviving spouse shall receive a pension of 60% of your reduced accrued basic pension and lifetime supplement, if any (subject to further actuarial reduction if your spouse is more than 10 years younger than yourself).
