Death Before Retirement. In the event of the death of any employee who has completed 2 years of continuous service as a member of the Pension Plan, there shall be paid the actuarial equivalent of the benefits payable at normal retirement with respect to credited service subsequent to December 31, 1986, plus any required contributions with interest to date of death, minus any lump sum benefit amount payable to the employee’s Spouse under the Company’s survivor benefit insurance plan. If the employee does not have a Spouse at the time of the death, such benefit would be paid to the named Beneficiary.
Death Before Retirement. If you die before retirement, your spouse or your designated beneficiary will receive: the value of your pension accumulated from January 1, 1987 less the value of the pension accumulated under the Kraft Canada Plan; plus the excess, if any, of your contributions made from January 1, 1994 less any contributions made under the Kraft Canada Plan, over 50% of the combined value of the pension as indicated above. If you die after attaining age 55 and completing fifteen (15) years of continuous service, your spouse will receive an immediate retirement income in respect to your credited service prior to January 1, 1994 less the retirement income payable under the Kraft Canada Plan.
Death Before Retirement. If you should die while in the service of the Company and after you have attained age 55, or after your attained age and your number of years total at least 75, your eligible surviving spouse (see Section 16) will receive a pension for their remaining lifetime. Their pension will be equal to 50% of the amount of basic pension accrued to your date of death, but will be subject to a reduction if your spouse is more than 10 years younger than you. If you die before your pension commences and your spouse is not entitled to a pension as explained in the preceding paragraph, any contributions you have made with interest to your date of death plus the value of your vested pension earned after January 1, 1987, will be paid to the beneficiary you have named, or failing such, to your estate. You may change your beneficiary from time to time as permitted by law by completing a form that is available from you Human Resources Department.
Death Before Retirement. The employee's designated beneficiary or estate shall receive a lump sum payment equal to the commuted value of his normal retirement pension accrued to his date of death and at least equal to the amount of his own contributions accumulated with Credited Interest. The commuted value shall be determined on the basis of the actuarial assumptions including the assumption about retirement age used in the most recent triennial valuation of pension liabilities.
Death Before Retirement. If you die before retirement, your spouse or your designated beneficiary will receive: the value of your pension accumulated from January 1, 1987; plus the excess, if any, of your contributions made from January 1, 1994, over 50% of the combined value of the pension as indicated above. If you die after attaining age 55 and completing fifteen (15) years of continuous service, your spouse will receive an immediate retirement income in respect to your credited service prior to January 1, 1994.
Death Before Retirement. If you die after your 55th birthday and completion of ten (10) years of Service, and have a Spouse, then a monthly pension is payable to your Spouse as if you had retired on your date of death and elected the Alternative Monthly Pension described above in Pension Payments. If you die before becoming eligible for early retirement and you have at least five
Death Before Retirement. In the event of your death before retirement, your spouse or beneficiary will receive a lump sum equal to the commuted value of your pension earned up to the date of death. Where a benefit is payable to a spouse, it shall first be reduced by any group life insurance payable to the spouse, that is paid for by Company premiums. Under the Federal pension legislation, a spouse means
(a) if there is no person described in paragraph (b), a person who is married to the member or former member or who is party to a void marriage with the member or former member, or
(b) a person who is cohabiting with the member or former member in a conjugal relationship at the relevant time, having so cohabited with the member or former member for at least one year.
Death Before Retirement. If you should die on or after January 1, 1996, while in the service of the Company and after you have reached age 55 and have 10 years of service, your eligible surviving spouse will receive a pension for his/her remaining lifetime. His/her pension will be equal to the amount of pension they would have received from the Plan had you retired as of your date of death and elected a reduced joint survivorship pension based on your reduced accrued basic pension and lifetime supplement (without the actuarial reduction, if any), but their pension will be subject to a reduction if they are more than 10 years younger than you. Pension payments to your eligible surviving spouse are guaranteed to return any required contributions you have made to the Plan with interest to your date of death. The lifetime supplement will be calculated as if you had attained age 65 on the date of your death, but using your current unreduced accrued basic pension and your related credited service, the full unreduced Canada Pension Plan retirement benefit and the normal retirement minimum pension all determined as of your actual date of death. If you die before your pension commences and your spouse is not entitled to a pension as explained in the preceding paragraph, any contributions you have made with interest to your date of death will be paid to the beneficiary you have named or, failing such, to your estate. You may change your beneficiary from time to time as permitted by law by completing a form which is available from your Human Resources office. The death benefit paid above shall not be less than provided in existing pension legislation.
Death Before Retirement. If You Leave the Company Previous Plans (Before January 1, 1958) Other Information Government Pension Plans Pension Examples
Death Before Retirement. If a member dies after having met the eligibility requirements (Age 55 and 10 Years of Service) for a pre-retirement spousal pension, his spouse shall receive an immediate pension equal to the amount payable had the member retired on the date of his death with the Joint and Survivor Pension described in item 8 above, plus the same percentage of his lifetime supplement. The lifetime supplement will be calculated as if the member had attained age 65 on his date of death, but using his current unreduced accrued pension and his related credited service, the full unreduced Canada Pension Plan retirement benefit and the normal retirement minimum pension all determined as of the member's actual date of death. If a member should die before his pension commences and does not have a spouse who is entitled to a pension as explained in the preceding paragraphs, a death benefit shall be paid to the member's beneficiary equal to the lump sum amount described in Item 7 above as if he had terminated on the date of his death.
