If you are vested and die before retirement, your legal spouse or other qualified beneficiary is entitled to a preretirement death benefit. If you are legally married, your spouse is automatically your beneficiary. The payment options available to your spouse or beneficiary are based on your account balance.
To receive a preretirement death benefit, your spouse or beneficiary must contact the Trust Office.
If your account balance is $5,000 or less, your spouse or beneficiary receives the balance in one lump sum payment. Payment is made in the month following the application date but not later than 60 days after the close of the plan year following your death.
If your account balance is greater than $5,000, your spouse or beneficiary may elect to receive the balance in any one of the retirement payment options described, except the qualified joint and survivor annuity. Payments begin the month following the application date but not later than 60 days after the close of the plan year following your death.
If you are legally married and die before retirement, your spouse is automatically the beneficiary of your vested preretirement death benefit. If you are not legally married, you may designate any person or persons as your beneficiary on your Enrollment Card. Enrollment Cards are available from the Trust Office or your Local Union. If you designate a person who is or subsequently becomes your spouse, the beneficiary designation is automatically revoked if the marriage is subsequently dissolved or invalidated, unless you redesignate your former spouse following the dissolution or invalidation of marriage, or except as otherwise provided in a Qualified Domestic Relations Order (QDRO).
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