Forms Of Payment

If You Are Married — Joint & Survivor Pension


If you are married on the date your benefit begins, the normal form of payment will be the Joint & Survivor Pension. This payment form provides you with a reduced monthly benefit for you and your spouse’s lifetime. This is a smaller monthly payment than a lifetime annuity because, if you die before your spouse, he or she will continue to receive a portion of your reduced pension for his or her lifetime according to the Surviving Spouse Percentage table below.

Surviving Spouse Percentage

Date of retirement

Percentage of your Pension your spouse will receive after your death



1991 - 1993


1994 - 1997


1998 or later


2009 or later

75% (Qualified Optional Survivor Annuity)

A Normal, Early or Deferred Pension payable in this form is reduced during your lifetime to a percentage of your benefit equal to 89 percent minus 0.4 percent for each full year your spouse is younger than you or plus 0.4 percent for each full year your spouse is older than you (to a maximum of 98 percent). A Disability Pension is reduced to 81 percent minus 0.4 percent for each full year your spouse is younger than you or plus 0 .4 percent for each full year your spouse is older than you (to a maximum of 90 percent). If you and your spouse are the same age, there is no further adjustment other than the 89 percent (or 81 percent for Disability).


Dave is 62 and an active participant when he retires in 2014. He is eligible to retire on a Normal Pension in the amount of $2,000.00 per month. However, Dave is married and he and his spouse have not rejected the Joint & Survivor Pension. If Dave’s spouse is age 58, his pension would be adjusted as follows:

Step 1: Determine the difference in ages:





4 years

Step 2: Calculate the percentage due to age difference:



4 years



Step: 3: Calculate the total percentage of adjustment:






Step: Calculate the monthly Joint & Survivor Pension payment:



$2,000.00 basic pension



Dave will receive $1,748.00 per month for the rest of his life. Should Dave die first, his spouse will receive 80 percent of this amount, or $1,398.40 (rounded to $1,399.00), per month for the remainder of the spouse's life.

Your benefit will be paid in the form of a Joint & Survivor Pension unless both you and your spouse voluntarily elect, in writing before a Notary Public, to waive this benefit and designate the optional form of benefit (Lifetime Pension with 60 Months Guaranteed). You and your spouse must submit your election no more than 180 days and no less than 90 days before your pension begins.

Pop-Up Provision

The Plan contains a “Pop-up Provision” which will increase your benefit from a Joint & Survivor Pension amount if your spouse dies before you. Your increased benefit will equal the amount of your benefit as calculated prior to applying reduction provisions for the Joint & Survivor form of payment.*

To benefit from the effect of the Pop-up Provision, you must request it in writing and furnish valid proof of your spouse’s death to the Board of Trustees.**

Qualified Domestic Relations Order

Generally, your pension cannot be taken away from you by someone else. However, the law recognizes certain rights your former spouse may have to your pension in the event you are divorced. Upon a divorce if a judge issues a “Qualified Domestic Relations Order” (QDRO), that Order may award certain portions of your lifetime benefits to your spouse and may award your divorced spouse survivor benefits just as if you are married. Because such an Order can have a significant impact on your pension rights, both parties should seek the advice of professionals knowledgeable in this area. The Plan has procedures regarding QDROs, copies of which are available from the Fund Office. You (or your spouse) have the right to submit a proposed Court Order to the Fund Office to obtain a determination from the Fund Office as to whether the proposed Order is a QDRO, and how it will impact the payment of benefits between you and your former spouse. It is important that you submit this request as soon as possible, in order that you and your former spouse may clearly understand the impact of the QDRO on your Pension Benefits.


* If the present value of any annuity payment under the Plan is less than $5,000.00, the Plan will automatically pay out the entire benefit in one lump sum.

** These provisions do not apply in divorce situations.