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Retirement Planning

If You Die...

If you die after you retire, your spouse and beneficiary(ies) may be eligible to receive benefits from the Company. To report the death of a retiree, call 1-800-571-0400 and follow the voice recognition prompts to speak with a Benefits Express representative. The representative will take the information and notify the proper parties. After the death is reported, benefits information will then be mailed to the surviving spouse or beneficiary(ies).

Spouse and/or Eligible Dependent Children. Benefits Express will notify your dependents of benefits. Your dependents may:

  • Continue coverage under COBRA for up to 36 months for until your dependents become eligible for Medicare. (If your eligible dependents are entitled to Medicare at the time of your death, coverage can continue for 36 months.)
  • You made the election when you enrolled for the Postretirement Supplemental Health Benefits Plan how your spouse and/or eligible dependent children would access your account balance at the time of your death, i.e., lump sum death beenefit or use the account balance for eligible health care premiums and expenses in accordance witht he provisions of the Plan.
  • Be eligible for benefit payments (pension, life insurance, or Thrift Plan). If your spouse is receiving a survivor's pension payment, plan premiums are deducted automatically from the pension payment. Otherwise, your spouse will be billed the premium amount.

Spouse, Eligible Dependent Children, and/or Beneficiary(ies). Benefits Express will notify your beneficiary(ies) of benefits. Your beneficiary(ies) may:

  • Be eligible for benefit payments (pension, life insurance, or Thrift Plan).
  • If you have no eligible dependents at the time of your death, the money in your Plan Account is paid to your estate.