Preretirement Survivor Annuity. If a married Participant dies prior to his annuity starting date, the Advisory Committee will direct the Trustee to distribute a portion of the Participant's Nonforfeitable Accrued Benefit to the Participant's surviving spouse in the form of a preretirement survivor annuity, unless the Participant has a valid waiver election (as described in Section 6.06) in effect, or unless the Participant and his spouse were not married throughout the one year period ending on the date of his death. A preretirement survivor annuity is an annuity which is purchasable with 50% of the Participant's Nonforfeitable Accrued Benefit (determined as of the date of the Participant's death) and which is payable for the life of the Participant's surviving spouse. The value of the preretirement survivor annuity is attributable to Employer contributions and to Employee contributions in the same proportion as the Participant's Nonforfeitable Accrued Benefit is attributable to those contributions. The portion of the Participant's Nonforfeitable Accrued Benefit not payable under this paragraph is payable to the Participant's Beneficiary, in accordance with the other provisions of this Article VI. If the present value of the preretirement survivor annuity does not exceed $3,500, the Advisory Committee, on or before the annuity starting date, must direct the Trustee to make a lump sum distribution to the Participant's surviving spouse, in lieu of a preretirement survivor annuity. This Section 6.04(B) applies only to a Participant who dies after August 22, 1984, and either (i) completes at least one Hour of Service with the Employer after August 22, 1984, or (ii) separated from Service with at least 10 Years of Service (as defined in Section 5.06) and completed at least one Hour of Service with the Employer in a Plan Year beginning after December 31, 1975.
Preretirement Survivor Annuity. 1847 Effective January 1, 1988, the Employer will provide a qualified, preretirement survivor annuity to active employees vested in the Xxxxxx Permanente Southern California Employees Pension Plan at no cost to the employee. This benefit provides an annuity to the spouse of an employee who dies prior to retirement. The spouse will receive a benefit calculated as if the employee retired the day before death and elected a joint survivor annuity with a fifty percent (50%) continuation to the survivor. The benefit is payable to the spouse at the earliest time the employee would have qualified to commence benefits. 1848 Effective January 1, 1999, pension plan survivor benefits will be payable to an eligible domestic partner. This benefit provides an annuity to the surviving eligible domestic partner of an active employee who dies and is vested in the pension plan. The surviving eligible domestic partner will receive a benefit calculated as if the employee retired the day before death and elected a Joint and Survivor Annuity with a fifty percent (50%) continuation to the survivor. The benefit is payable to the domestic partner no later than one year following the employee’s death.
Preretirement Survivor Annuity. 6.04(B) Qualified Domestic Relations Order..........................................6.07
Preretirement Survivor Annuity. (a) Except as otherwise provided in this Plan, in the event of the death of a Participant who has a surviving Spouse, the Participant's surviving Spouse shall receive a Preretirement Survivor Annuity. The benefit shall commence on the first day of the month selected by the surviving Spouse, beginning within a reasonable time after the Participant's death and ending not later than the December 31 of the calendar year in which the Participant would have attained age 70-1/2, or, if later, the December 31 of the calendar year following the calendar year in which the Participant died. In the absence of such an election, benefits under this Section shall commence on
Preretirement Survivor Annuity. If the Plan is subject to the preretirement survivor annuity requirements, then in order to be considered to be married so as to require that distributions commencing after the Participant's death (unless waived) be made in the form of a preretirement survivor annuity, the Participant (Select one:) [ ] must [ ] need not have been married throughout the one year period ending on the date of the Participant's death.
Preretirement Survivor Annuity. An annuity for the life of the Participant's Spouse in an amount which can be purchased with the entire balance of the Participant's Account.
Preretirement Survivor Annuity. If a married Participant dies prior to his annuity starting date, the Committee will direct the Trustee to distribute a portion of the Participant's benefit to the Participant's surviving spouse in the form of a preretirement survivor annuity, unless the Participant has a valid waiver election (as described in Section C1.3) in effect, or unless the Participant and his spouse were not married throughout the one year period ending on the date of his death. A preretirement survivor annuity is an annuity which is purchasable with 50% (100% for United Savings Bank Participants) of the Participant's benefit (determined as of the date of the Participant's death) and which is payable for the life of the Participant's surviving spouse. The value of the preretirement survivor annuity is attributable to Employer contributions and to Employee contributions in the same proportion as the Participant's benefit not payable under this
Preretirement Survivor Annuity
