Top Banner
Top Banner II
Left Menu
Health & Welfare SPD Design Element

G. DEATH BENEFITS (APPLICABLE TO ALL ACTIVE AND PRE-AGE 62 EARLY RETIREE MEMBERS)

This section modified by a Benefit Change
Effective 8/1/2008: the $20,000 Survivor and $20,000 Accidental death benefits will increase to $40,000 respectively for deaths occurring on or after August 1, 2008.

In the event you die from any cause while you are covered as an Active member of the Plan (Retiree members age 62 or older are not eligible), your beneficiary will be paid $1,000. If death results from an accident, your beneficiary will be paid an additional $1,000.

1. Death Benefits.

Death Benefits are payable only if your death occurs while Active coverage is in force.

  1. Beneficiary Designation. You may name anyone you wish as your beneficiary, and you may change your beneficiary at any time; provided that you complete and file an approved beneficiary form with the Plan Office. Your beneficiary will be named or changed as of the date an executed beneficiary designation form or change of beneficiary form is received in the Plan Office. The form has to be received before your death to be valid.

  2. Extension of Coverage During Periods of Temporary Disability, Direct Self-Payments, Military Service and Family and Medical Leave. Coverage for Death Benefits will be maintained for any period of an extension of eligibility as an Active member coverage as outlined in Section III, Non-COBRA Continuation of Coverage. However, Death Benefits coverage will not be extended during any periods for which health care benefits are extended solely on account of COBRA. In addition, if you are a Group I Early Retiree your Death Benefits coverage will be extended until you become eligible for coverage as a full Retiree under the Plan at age 62. Your Death Benefits coverage shall terminate at the same time that your eligibility for Active coverage terminates. If you are ordered to active military service under USERRA, you continue to be covered for these Death Benefits.

2. Death Benefits are Not Insured.

The Death Benefits described herein are not insured. Rather, benefits are payable only from the assets of the Plan. Consequently, Death Benefits are payable only to the extent that there are Plan assets to pay such benefits.

3. Termination of Death Coverage.

Termination of eligibility for Death benefits shall occur for any reason set forth in III.E, above. In addition, coverage will terminate upon the date a member is eligible for coverage as a Retiree under the terms of the Plan.

4. Death Benefits Apply Only to Active Members.

Coverage under this subsection is afforded only to the Active member. Dependents of an eligible Active member are not eligible for Death benefits.