Survivor Benefit definition

Survivor Benefit means the benefit set forth in Article 6.

Survivor Benefit means a surviving spouse benefit, surviving child benefit, second or remainder portion of an optional annuity form, a death benefit, a funeral benefit, or a refund of member or employee contributions payable on account of the death of a public pension plan member as provided for in the benefit plan document of the public pension plan.

Survivor Benefit means an entitlement to a future amount payable to a survivor that is not included in the definition of a survivor annuity.

Examples of Survivor Benefit in a sentence

• The death benefit is one of the following: the Basic Death Benefit, the 1957 Survivor Benefit, or the Optional Settlement 2W Death Benefit.

• Survivor Benefit Pension Program**: The Survivor Benefit Plan's objective is to provide a monthly income to the surviving spouse and children of an employee, in the unfortunate event of death while in service.

• If a Participant does not make any election with respect to the payment of the Pre-Retirement Survivor Benefit, then such benefit shall be paid in a lump sum.

• The Election Form most recently accepted by the Committee prior to the Participant's death shall govern the payout of the Participant's Pre-Retirement Survivor Benefit.

• Subject to the Deduction Limitation, the Participant's Beneficiary shall receive a Pre-Retirement Survivor Benefit equal to the Participant's Account Balance if the Participant dies before he or she Retires, experiences a Termination of Employment or suffers a Disability.

More Definitions of Survivor Benefit

Survivor Benefit means those Plan benefits that become payable upon the death of a Participant pursuant to the provisions of Section 6.4.

Survivor Benefit means those Plan Benefits that become payable upon the death of a Participant pursuant to Article 6.6.

Survivor Benefit means a benefit provided to Participant's Beneficiary if Participant elects to participate in the Plan and dies prior to commencement of the Supplemental Retirement Benefit while in the employ of Corporation.

Survivor Benefit means a monthly benefit for the life of the Surviving Spouse equal to 50% of the monthly benefit to which the Participant would be entitled computed as if the Participant commenced receiving benefits on the date of his death in the form of a straight life annuity of equivalent actuarial value to the benefit accrued under Section III‑A using the same actuarial assumptions as are used in computing equivalent actuarial values under the Retirement Plan.

Survivor Benefit means a benefit payable under Article III of this Plan.

Survivor Benefit means a series of equal monthly payments payable as a result of the death of a member after becoming eligible for service retirement but before retirement and computed as if the member had retired on the last day of the month of death.

Survivor Benefit means the benefit payable pursuant to Article 8.