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If you die after your Annuity Plan benefit begins and you were married and elected a joint and 50% contingent survivor annuity, your surviving spouse will receive 50% of the monthly benefit you were receiving. Your surviving spouse will receive payment of this benefit for his or her lifetime.

Likewise, if you elected the joint and 75% contingent survivor annuity, your surviving spouse will receive 75% of the monthly benefit you were receiving. Your surviving spouse will receive payment of this benefit for his or her lifetime

If you die after payment of your Annuity Plan benefit begins and you were receiving:

  • Installment payments, your beneficiary will receive payment of the balance of your monthly installment payments; or
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  • Fixed or variable annuity with a guarantee for a certain number of payments, your beneficiary will receive the remaining number of guaranteed payments for the fixed or variable annuity.