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     Home → Pension → SPD → F.8 Form of Benefit Applicable to Benefits Earned Before July 1, 1990


F.8 Form of Benefit Applicable to Benefits Earned Before July 1, 1990

If you are married on your Retirement Date, your Spouse must consent to any form of payment other than a Joint Annuity or payment to any Beneficiary other than your Spouse. Neither you nor your Spouse can revoke this consent. If spousal consent cannot be obtained, your form of payment will be defaulted to the 50% Joint Annuity.

Your benefit amount with respect to the portion of your benefit earned before July 1, 1990 is expressed as a Five Year Certain Life Annuity with your Spouse as Beneficiary, and benefits payable in other forms are actuarially reduced from this Five Year Certain Life Annuity form.

F.8.1 Automatic Changes in the Form of Benefit Payment for Benefits Earned Before July 1, 1990

In the following situations, your Joint Annuity will terminate and the dollar mount of each monthly benefit will retroactively revert to the dollar amount that would have been paid if your benefit had been paid as the Five Year Certain Life Annuity:

  • If your Joint Annuitant is your Spouse and your Spouse dies before you and within 12 months after your Retirement Date;
  • If your Joint Annuitant is your Spouse and you die within one year of the date you were married; or
  • If your Joint Annuitant is someone other than your Spouse and you die within one year of the date you designated that person as your Joint Annuitant.



 

 
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