Pension Plan Summary Plan Description

10.2 Joint and Survivor Annuity

If you die after having commenced a joint and survivor annuity form of benefit under Section 7.1, and you predecease the survivor annuitant, survivor benefits will continue to be paid to the survivor annuitant in an amount that reflects the percentage annuity that you elected.

Example. Jack retired in 2007 and elected a joint and 75% survivor annuity. Monthly payments to Jack were $5,000. Jack dies in 2014, survivied by his spouse. Jack's spouse will receive a monthly benefit after Jack's death, for the remainder of her life, in the amount of $3,750.