Originally Posted by
HIFLYR
This is not true your spouse survivor gets 50% of your allowable pension collectable at their age of 55 with penalty or 60 yr old no penalty.
(remember, FedEx's obligation should you decease “prior to entering retirement” is limited to only the life insurance benefit that you elect annually, even if you had reached retirement age at your time of death)
Take a look at the Pilot Benefit Book page R-24.
Survivor Benefits
In some cases, a beneficiary will receive benefits after your death.
If you die on or after your Benefit Commencement Date, benefits, if any, will be paid
to your beneficiary based on the form of payment you selected when you retired.
If you die before your Benefit Commencement Date and:
• You are unmarried, no benefits are payable to a beneficiary. However, your
beneficiary(ies), while not entitled to survivor benefits from the Pension Plan, may
be eligible to receive benefits under the FedEx life insurance plans and other
retirement plans. Refer to the “What to Do When” chapter beginning on page W-1
for more information.
• You are married, a portion of your vested benefit will be paid to your spouse
monthly. Your surviving spouse will receive a monthly pension based on your
credited service for benefit accrual and Average Earnings on your date of death.
The benefit will be calculated as if you had chosen the Joint and Survivor Annuity
with 50% of your benefit continuing to your spouse.
The last bullet shows your spouse gets a benefit if you die before retiring.