Life Events

If You Die After Your Benefits Commence

If you die after you begin receiving your Individual Account Plan benefit, your surviving spouse and/or designated beneficiary will receive survivor benefits in accordance with the benefit form you elected at the time you applied for benefits.

If you elected a 50% Spousal Annuity or 75% Optional Spousal Annuity, your spouse will begin receiving surviving spouse benefits upon your death in accordance with the terms of the annuity contract purchased with your Accumulated Share. If you elected a single life annuity, payments will stop at the time of your death.

If you elected to receive your Individual Account Plan benefit in monthly installment payments and you die before you have received all of your payments, your beneficiary may receive the balance of your benefit in monthly payments, as a lump sum payment, or as a combination of the two.