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DIS » Topics » 7.1 Amount of Pre-Commencement Death Benefit

These excerpts taken from the DIS 10-K filed Nov 20, 2008.

7.1 Amount of Pre-Commencement Death Benefit

In the event of a Participant’s death prior to his Payment Date under Article 5 with respect to any vested Retirement Income, the Participant’s Beneficiary shall be entitled to a Pre-Commencement Death Benefit. The Pre-Commencement Death Benefit shall equal the amount of the benefit determined as of the Benefit Calculation Date that would be payable to a Joint/Contingent Annuitant if:

 

(a) The Participant’s vested Retirement Income had commenced as of the Payment Date under Plan section 5.2(a)(1), disregarding any delay in the Payment Date because the Participant was a Specified Employee as of the date of his death,

 

(b) In the form of a 50% Joint and Survivor Annuity, and

 

(c) The Participant died on the date following such commencement.

7.1 Amount of Pre-Commencement Death Benefit

In the event of a Participant’s death prior to his Payment Date under Article 5 with respect to any vested Retirement Income, the Participant’s Beneficiary shall be entitled to a Pre-Commencement Death Benefit. The Pre-Commencement Death Benefit shall equal the amount of the benefit determined as of the Benefit Calculation Date that would be payable to a Joint/Contingent Annuitant if:

 

(a) The Participant’s vested Retirement Income had commenced as of the Payment Date under Plan section 5.2(a)(1), disregarding any delay in the Payment Date because the Participant was a Specified Employee as of the date of his death,

 

(b) In the form of a 50% Joint and Survivor Annuity, and

 

(c) The Participant died on the date following such commencement.

EXCERPTS ON THIS PAGE:

10-K (2 sections)
Nov 20, 2008

RELATED TOPICS for DIS:

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