Surviving Spouse’s Benefits. In the case of a vested Participant who dies on or after his Earliest Retirement Age and before commencement of his benefit under the Pension Plan, the Participant’s Surviving Spouse shall be paid a monthly benefit beginning as of the first day of the month next following the calendar month in which the Participant dies and continuing through the month in which the Surviving Spouse dies. In the case of a vested Participant who dies before his Earliest Retirement Age, the Surviving Spouse shall be paid a monthly benefit beginning on date the Participant would have attained his Earliest Retirement Age, with such monthly benefit continuing through the month in which such Surviving Spouse dies. The monthly benefit payable to a Participant’s Surviving Spouse shall be calculated as follows:
(1) in the case of a Participant who dies on or after his Earliest Retirement Age, the monthly amount the Surviving Spouse would have received had such Participant retired with a Qualified Joint and Survivor Annuity pursuant to Section 7.1(b) on the day before he died, or
(2) in case of a Participant who dies before his Earliest Retirement Age, the monthly amount to which the Surviving Spouse would have been entitled to receive had the Participant separated from service on the earlier of his Termination Date and the date of his death, then survived until the date of his Earliest Retirement Age, retired at his Earliest Retirement Age with a Qualified Joint and Survivor Annuity pursuant to Section 7.1(b), and then died the day after he attained his Earliest Retirement Age. Additionally, the Surviving Spouse of a Participant who dies before his Earliest Retirement Date and whose Termination Date was on or after January 1, 1996 may elect to begin to receive his monthly benefit as of the first of any month after such Participant’s death. The monthly benefit payable to such a Surviving Spouse shall equal the 50% survivor portion of a Qualified Joint and Survivor Annuity, the amount of which is calculated by (i) determining the Participant’s Normal Retirement Benefit (including only the Participant’s Years of Credited Service through his Termination Date) and multiplying such amount by the appropriate factors in Appendix B and (ii) actuarially reducing the amount in clause (i) using the Applicable Mortality Table and Applicable Interest Rate to account for the difference between the Participant’s age at the time of his death and age 55. In lieu of the foregoing, the Surviving Spouse...
Surviving Spouse’s Benefits. Surviving spouse’s benefits will not be paid to the surviving spouse of a participant if the participant does not complete a minimum of 15 years of continuous service or having completed such minimum he or she dies and is not survived by an individual eligible for surviving spouse’s benefits or such individual does not make application for surviving spouse’s benefits as described on page 30. Surviving spouse’s benefits will not be paid if the participant incurs a break in service with eligibility only for a deferred vested pension.
