What is a lump sum death benefit?
A lump sum death benefit is available to members who retire directly from active service. This is a single payment, made to the member’s beneficiary. The beneficiary may be any person/s, or an estate. This benefit is not available as a lump sum, except upon death of the member. However, members may withdraw this amount in 100 or 50 equal installments. 36. What is the Advisory Committee Election? The Plan has an elected Advisory Committee composed of three members, both active and retired, who represent the membership at monthly Board Meetings. The Advisory Committee Election is held every spring, to elect or re-elect one of the Advisory Committee Members. 37. What is the Open House? The Open House is held for retired members every summer at the Plan offices. This event provides retired members an opportunity to meet up with coworkers from their days with the City/DHHA. Light refreshments are served at this summer event.
