Common use of NHRS Death Benefit Clause in Contracts

NHRS Death Benefit. The following is an explanation of death benefits employees will receive under the New Hampshire Retirement System. These benefits are governed by NHRS and may be subject to change by NHRS. If you die while you are in service, and your death is not job related, a death benefit will be payable to your designated beneficiary (ies). You must be in service when you die in order for the ordinary death benefit to be payable; otherwise, only a refund of your accumulated contributions will be payable to your designated beneficiary (ies). If you are eligible for service retirement when you die and your spouse is your only designated beneficiary, your spouse will be eligible for a pension earned to the date of your death. This pension will continue until your spouse remarries or dies. Or, if your spouse prefers, he/she can receive a lump sum payment equal to your annual earnable compensation plus a refund of your accumulated contributions.

Appears in 2 contracts

Samples: Working Agreement, Working Agreement

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NHRS Death Benefit. The following is an explanation of death benefits employees will receive under the New Hampshire Retirement System. These benefits are governed by NHRS and may be subject to change by NHRS. NHRS If you die while you are in service, and your death is not job job- related, a death benefit will be payable to your designated beneficiary (iesbeneficiary(ies). You must be in service when you die in order for the ordinary death benefit to be payable; otherwise, only a refund of your accumulated contributions will be payable to your designated beneficiary (iesbeneficiary(ies). If you are eligible for service retirement when you die and your spouse is your only designated beneficiary, your spouse will be eligible for a pension earned to the date of your death. This pension will continue until your spouse remarries or dies. Or, if your spouse prefers, he/she can receive a lump sum payment equal to your annual earnable compensation plus a refund of your accumulated contributions.

Appears in 1 contract

Samples: Working Agreement

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NHRS Death Benefit. The following is an explanation of death benefits employees will receive under the New Hampshire Retirement System. These benefits are governed by NHRS and may be subject to change by NHRS. If you die while you are in service, and your death is not job job- related, a death benefit will be payable to your designated beneficiary (iesbeneficiary(ies). You must be in service when you die in order for the ordinary death benefit to be payable; otherwise, only a refund of your accumulated contributions will be payable to your designated beneficiary (iesbeneficiary(ies). If you are eligible for service retirement when you die and your spouse is your only designated beneficiary, your spouse will be eligible for a pension earned to the date of your death. This pension will continue until your spouse remarries or dies. Or, if your spouse prefers, he/she can receive a lump sum payment equal to your annual earnable compensation plus a refund of your accumulated contributions.

Appears in 1 contract

Samples: Working Agreement

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