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Refund To Estate Benefits
Any member that dies while still employed who does not have a spouse that is eligible for a Spouse's Annuity or a child eligible for a Child's Annuity, their contribution is payable to the named beneficiary(ies).
If annuity benefits were paid out but the full amount of the member's contribution was not recovered from refund and annuity benefits paid, the remainder of the member's contribution is payable to their named beneficiary(ies).
Benefits in brief
The named beneficiary(ies) will receive the contributions with statutory 3% interest less any refunds or annuity benefits that have been paid on the account.
A death benefit of $1,000 is paid out for the death of a retired member receiving annuity benefits or for the death of a member while they are still employed and contributing to the Fund.
Questions
If you have any questions about your benefits, please contact us.