DIS » Topics » Article 7. Pre-Commencement Death Benefit
This excerpt taken from the DIS 10-K filed Nov 20, 2008.
Article 7. Pre-Commencement Death Benefit
FACE="Times New Roman" SIZE="2">7.1 Amount of Pre-Commencement Death Benefit
In the event of a Participants death prior to his Payment Date under Article 5 with respect to any vested Retirement Income, the Participants 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:
The Participants 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,
In the form of a 50% Joint and Survivor Annuity, and
The Participant died on the date following such commencement.
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