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A Participant may qualify for a Terminal Illness Benefit if the following requirements
are met:
- The Participant is terminally ill with a life expectancy of less than one
year. A physician must certify the medical condition (subject to the examination
by an appointed physician by the Directors).
- An application for the Terminal Illness Benefit is filed with the Administrative
Office.
- The Participant has not worked in covered employment during a consecutive
30-day period including the date the application was filed.
- The Participant is not eligible to retire under any other provision of
the Pension Plan.
- The spouse or Qualified Domestic Partner waives the Surviving Spouse Benefit.
The Terminal Illness Benefit is 75% of the Normal Death Benefit. (Unless the
Participant has more than 20 Qualified Years, the Normal Death Benefit is generally
the Employer Contributions made on the Participant’s behalf.) The Participant
will have the option of receiving the benefit in the form of an annuity. The
remainder of the benefit will be paid to the Participant at the Normal Retirement
Date. No optional form of benefit will be allowed. In the event of the Death
of the Participant before retiring, the remainder of the death benefit will
be paid to the spouse or Qualified Domestic Partner or beneficiary.
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