Pre-Retirement (For Members Eligible
For Normal Retirement)

A Pre-retirement death benefit will be paid on your behalf whether or not you are actively serving in the diocese, if you are eligible for Normal Retirement and die prior to commencement of benefits.

The amount of the survivor benefits shall be equal to 50% of the Actuarially Equivalent single sum value of your vested accrued benefit as of your date of death.  If the single sum value is $7,000, or less, the benefit shall be paid in a lump sum.  If the single sum value exceeds $7,000, the benefit shall be paid in the form of a monthly survivor annuity, unless the beneficiary and the Board of Trustees agree to an alternative Actuarially Equivalent form of benefit that satisfies the minimum distribution rules of the Internal Revenue Code.  The benefits shall be paid as soon as the required calculations and paperwork are completed following your death.