Pension Benefits

Picture: Insurance consultant at work

 

Normal Retirement Benefit

Payable on the date the participant retires upon reaching the normal retirement age (C).

 

Accelerated Retirement Benefit

Payable on the date the participant retires within 10 years before normal retirement age (B).

 

Disability Retirement Benefit

Payable on the date the participant becomes totally and permanently disabled.

 

Death Benefit

Payable to the participant's legal widow/widower on the date of the participant's death.