5.3 Retiree Death Benefit

You should file a beneficiary form with the Administrative Office to help ensure that your beneficiaries receive the death benefit described in this section.

A self-funded Retiree Death Benefit is provided to eligible and enrolled Retirees who retired under the Southern California IBEW-NECA Pension Plan on or after June 1, 1981. Under this benefit, a lump sum payment is made to the Retiree's surviving beneficiaries when the Retiree dies.

5.3.1 Beneficiaries

The beneficiaries are the individuals named by the Retiree to receive the death benefit proceeds upon his or her death. The Retiree may select one or more beneficiaries.

5.3.2 Amount of Coverage

$1,000 is the maximum amount payable by the Trust.

5.3.3 Payment

The death benefit will be paid in a lump sum.

You may change your beneficiaries by filing a Beneficiary Designation Form with the Administrative Office. The form is available upon request from the Administrative Office and on www.scibew-neca.org.

If your marital status changes, you should consider providing a new Beneficiary Designation Form, to ensure that your desired beneficiaries are on file with the Administrative Office.

If a Retiree Death Benefit payment has been made before a new Beneficiary Designation Form is received by the Administrative Office, the Plan does not have to re-pay the Retiree Death Benefit.

If you name more than one beneficiary, your beneficiaries will receive equal portions of the Retiree Death Benefit, unless you designate otherwise on your Beneficiary Designation Form.

If a beneficiary is deceased at the time of payment, that beneficiary's share will be paid pro-rata to the surviving beneficiaries based in the same ratio that existed prior to the death of the beneficiary.

If no beneficiary is named or no beneficiary survives the Retiree, the Retiree Death Benefit will be paid in the following order of precedence:

1. The surviving Spouse;

2. The surviving children, equally;

3. Mother and father equally or to the surviving parent if both are not alive; and

4. The executors or administrators.