Death Benefits
Ordinary Death Benefit
This benefit is equal to 1/12th (8.33 percent) of your last year’s earnings, multiplied by your years of service credit up to 36 years.
Alternative Death Benefit
If you die while in service after becoming eligible to retire, an alternative death benefit may be payable. This benefit would equal the pension reserve under the plan which would have been established had you retired on the date of your death.
