Old 12-13-2017, 07:47 PM
  #121  
fdx727pilot
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Joined APC: Jul 2006
Position: 767 Cap
Posts: 1,306
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Originally Posted by Raptor View Post
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.
Which, if the pilot had 25 years and had an Hi 5 avg of 260, would be 50% of his/her $130k. This would be $65k per year, the same as if he died right after retirement with the 50% survivor option.
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