Annuity Death Benefits Pre-Retirement
If you pass away before a distribution of your Annuity Benefit, the Plan provides the following death benefits:
- Spouse. Your surviving spouse (of one year or more) can receive either option: a single sum payment of the balance in your Annuity Benefit account or monthly payments as a Single Life Annuity (calculated as if your spouse was an unmarried participant).
- Beneficiary. If you are not married (for at least one year) at the date of your death, your beneficiary will receive a single sum payment of the balance in your Annuity Benefit account.
Annuity Balance Interest Rate is 1.46%
The interest earned for the Plan year May 1, 2020 through April 30, 2021.