2007-01-22 06:04:59 · 4 answers · asked by annie m 1 in Business & Finance ➔ Insurance
Depends on the terms of the pension plan - some will pay a limited amount to a spouse after the death of the retiree. It ALSO depends on if the pension plan is still in existance.
2007-01-22 07:25:47 · answer #1 · answered by Anonymous 7 · 0⤊ 0⤋
Depends on the option chosen.
Some companies will give the retiree a higher payout or a reduced payout with payment continuing to the spouse as the retiree passes on.
If the spouse (so to speak) kicks the bucket first then the retiree continues to collect at the lower rate (he can't go back and change his mind)
2007-01-25 09:56:29 · answer #2 · answered by Anonymous · 0⤊ 0⤋
It depends on what option you elect and if your married be for you stared your pension....You have different options available to you. Depending on how much you will receive . The most common options that are available and SLA( Single life Annuity )that for your life time only and diffrent J&S ( Joint and Surivor options) such as a 50% J&S or 100% meaning that you will recive a little less so when you pass your spouse will recive 50%. If you choose 100% than your spouse will recive the same amount as you when you pass. But its pretty much up to you and how much you will recive to detirmine what options are avilible to you.
Hope this helps.
2007-01-22 06:24:04 · answer #3 · answered by sweetgirl24 1 · 0⤊ 0⤋
As a rule, pension plans die with the retiree.
2007-01-22 06:14:16 · answer #4 · answered by Ricky J. 6 · 0⤊ 0⤋