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What happens if a replacement beneficiary has been named and the member dies within the two-year waiting period?

April 26, 2017Beneficiary happens named period replacement waiting

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What happens if a replacement beneficiary has been named and the member dies within the two-year waiting period?

1 Answer

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10 Posted

A. There will be no monthly survivor benefit paid. The replacement beneficiary will receive a one-time pro rata payment representing the number of days the retiree lived during the month of death.