SAG-Producers Pension Plan Benefits

Pre-Retirement Death Benefits

Pre-Retirement 50% Joint And Survivor Pension

Age

Any age and married for one year prior to date of death. Lifetime monthly benefit is payable only to your surviving spouse beginning no earlier than the date of your earliest retirement date.

Service and other

Met service requirement for regular, early, vested or limited five-year vested pension

Basic benefit (subject to additional benefits)

100% of the amount you would have received had you ended employment on your date of death, survived to your earliest retirement date and retired under the 50% Joint and Survivor Pension

Options

Surviving spouse delays commencement to no later than participant's normal retirement age. Pre-retirement death benefit elected in lieu of this benefit.

Conditions that may result in loss of some or all benefits

Terminal illness benefit offset

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Pre-retirement 50% Joint and Survivor Pension

Pre-retirement death benefits under age 65

Age

Under age 65

Service and other

8 or more pension credits; or met service requirement for limited five-year vested pension

Basic benefit (subject to additional benefits)

Lump sum of four times annual current service benefit

(minimum $1,500)

Options

Optional payout in up to 60 equal monthly installments

Conditions that may result in loss of some or all benefits

Benefits are payable under Pre-Retirement 50% Joint and Survivor pension terminal illness benefit offset 

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Pre-retirement death benefit

Pre-retirement death benefits age 65 or over

Age

65 or over

Service and other

10 or more pension credits

Basic benefit (subject to additional benefits)

60 monthly payments of monthly Regular Pension amount at date of death

Options

Optional single lump sum payment

Conditions that may result in loss of some or all benefits

Benefits are payable under Pre-Retirement 50% Joint and Survivor pension

Terminal illness benefit offset