A RETIREMENT FUND DEDICATED TO THOSE WHO ARE THERE FOR OTHERS
The Fund pays an ordinary death benefit to the designated beneficiary or beneficiaries of deceased participants. For active participants age 49 and under,
the death benefit amounts to $12,000.00 and is reduced by $400.00 for each year over age 49 to a minimum of $6,000.00. A participant on disability is treated
as though he were in active service in this regard. Eligible beneficiaries for participants retired after January 1, 1962, in receipt of retirement benefits
as stated in section 6-150, and whose separation from service (active duty) was effective on or after the participant’s attainment of age 50, and application
for such annuity was made within 60 days after separation from service (active duty), receive $6,000.00.
In order to change your beneficiaries on file at the Pension Office, please click on the following link.
Please indicate your new beneficiary(ies) on the form and mail it back to the Pension Office in the envelope provided. Please do not just add to the Directive, indicate all your beneficiaries as the new form will completely replace the form currently in your file.
Once the new Death Benefit Directive is received, your beneficiaries will be changed and you will receive a confirmation via e-mail or a phone call.