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.
Appears in 2 contracts
Samples: Collective Bargaining Agreement, Collective Bargaining Agreement
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.I,
Appears in 1 contract
Samples: Collective Bargaining Agreement
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) 15 years of continuous service, your spouse will receive an immediate retirement income in respect to your credited service prior to January 1, 1994.
Appears in 1 contract
Samples: Collective Bargaining Agreement
