When you retire, your Retirement Savings Plan
account is available to be distributed to you. You may choose from a variety of
payment options including a lump sum payment or a rollover to an Individual Retirement
Account. You may convert your Pension Plan Match Account to additional pension
benefits. Your account may be taxed at distribution. Please refer to the Retirement
Savings Plan Summary Plan Description for payment options available.
Death/Survivor Benefits
What if I die?
If you are single when you die, your
account will be paid to your beneficiary. If you are married when you die, your
account will be paid to your spouse (or, if your spouse has provided written,
notarized consent, to another beneficiary). Death benefits may be paid through
a variety of payment options. Your account may be taxed at distribution.
What happens if I die and I haven't
elected a beneficiary?
If you are married, your spouse will
receive your benefit. If you are not married, your benefit will go into your estate.
If I'm not married,
what happens to my retirement benefits if I die?
The benefit goes to your designated beneficiary,
or your estate if you have not elected an beneficiary.
