Survivor beneficiary definition

Survivor beneficiary means a person designated by the member to receive a monthly benefit allowance after the member dies.
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Survivor beneficiary means a person who receives a pension or who has been designated to be paid a pension as a result of the death of a member or retired member."
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Survivor beneficiary means a person who receives a pension or who has been designated to be paid
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Examples of Survivor beneficiary in a sentence

  • If you are married, receiving monthly pension benefits, and your Joint and Survivor beneficiary predeceases you, the Plan allows you to have your future benefit payments thereafter restored to the amount you would have been eligible for if the Joint and Survivor Pension had not been in effect.

  • Upon your death, if the Fund Office is notified on a timely basis, payments to your Joint and Survivor beneficiary begin as of the first day of the calendar month immediately following your death.

  • The amount of the reduction depends on two factors: the difference in age between you and your Joint and Survivor beneficiary, and whether you have elected to have your Joint and Survivor beneficiary receive 50%, 75% or 100% of your monthly amount; the higher the continuation percentage, the greater the reduction in your monthly benefit.

  • Apart from the specific gifts contained in paragraph 3 of the will, the claimant has been given almost unfettered liberty in the administration and distribution of the estate.

  • The Plan’s “pop‐up” in benefits will start with the first month after the Fund Office is furnished with proof of the death of the Joint and Survivor beneficiary.

  • A person subject to a direction has a right of appeal to the Magistrates Court (s166).

  • The amount of the reduction depends on two factors:• the difference in age between you and your Joint and Survivor beneficiary, and• whether you have elected to have your Joint and Survivor beneficiary receive 50%, 75% or 100% of your monthly amount; the higher the continuation percentage, the greater the reduction in your monthly benefit.

  • Survivor beneficiary designations made by a member in accordance with the Rules and Regulations of the Retirement System or the Provisions of the 401(k) Plan, or survivor beneficiary designations made by operation of those plans, will be honored notwithstanding contrary survivor beneficiary designations contained in a DRO.


More Definitions of Survivor beneficiary

Survivor beneficiary means a supplemental needs trust or a natural person that receives a pension or that has been designated to be paid a pension as a result of the death of a member or retired member."
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Survivor beneficiary means a person who receives a pension or5
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Survivor beneficiary means a person who
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Related to Survivor beneficiary

  • Surviving Spouse means the widow or widower, as the case may be, of a Deceased Participant or a Deceased Beneficiary (as applicable).

  • Income beneficiary means a person to whom net income of a trust is or may be payable.

  • Qualified beneficiary means a beneficiary who, on the date the beneficiary's qualification is determined:

  • Designated Beneficiary means the beneficiary or beneficiaries the Participant designates, in a manner the Administrator determines, to receive amounts due or exercise the Participant’s rights if the Participant dies or becomes incapacitated. Without a Participant’s effective designation, “Designated Beneficiary” will mean the Participant’s estate.

  • Refund beneficiary means an individual nominated by a qualified participant or a former qualified participant under section 66 to receive a distribution of the participant's accumulated balance in the manner prescribed in section 67.

  • Former Spouse means the individual who is considered by Applicable Laws to be the Annuitant’s former spouse or common-law partner;

  • Death Benefit means the insurance amount payable under the Certificate at death of the Insured, subject to all Certificate provisions dealing with changes in the amount of insurance and reductions or termination for age or retirement. It does not include any amount that is only payable in the event of Accidental Death.

  • Joint and Survivor Annuity means an immediate annuity for the life of a Participant with a survivor annuity for the life of the Participant's Spouse which is not less than fifty percent (50%), nor more than one hundred percent (100%) of the amount of the annuity payable during the joint lives of the Participant and the Participant's Spouse which can be purchased with the Participant's Vested interest in the Plan reduced by any outstanding loan balances pursuant to Section 7.4.

  • Joint Annuitant means the individual specified as such in the Data Pages. The Joint Annuitant must be the spouse of the Annuitant on the Contract Date.

  • Beneficiary means each designated person, or the estate of the deceased Executive, entitled to benefits, if any, upon the death of the Executive, determined according to Article 4.

  • Remainder beneficiary means a person entitled to receive principal when an income interest ends.

  • Eligible Spouse means a spouse of an Eligible Retiree who satisfies the requirements for eligibility described in the Eligibility section of this document, or an ex-spouse who is an Eligible Spouse with rights to coverage as an Eligible Spouse pursuant to a court order recognized by SHARP. A Spouse must be married to retiree at least one year prior to the effective date of retirement. A Spouse married after the retiree’s effective retirement date is considered a non-eligible spouse for purposes of the Plan. [See “Spouse”]

  • Annuitant means a person who receives a retirement allowance or a disability allowance;

  • Spouse means, an individual who,

  • Retired Participant means a person who has been a Participant, but who has become entitled to retirement benefits under the Plan.

  • Distributee means an Employee or former Employee. In addition, the Employee's or former Employee's surviving spouse and the Employee's spouse or former spouse who is the alternate payee under a Qualified Domestic Relations Order are considered Distributees with regard to the interest of the spouse or former spouse.