Explain what happens when: | Participant is: | |||
---|---|---|---|---|
And Alternate Payee is: | Alive | Dead | ||
Alive | AP receives a portion of P's retirement benefit
if/as/and when each payment is due to be paid to P. OR AP receives a portion of P's retirement benefit but payable in a different amount independent of P's survival. OR ? |
AP is/is not treated as surviving spouse or
beneficiary. OR All payments cease. OR ? |
||
Dead | AP's portion of P's retirement benefit reverts to P.
OR AP's portion of P's retirement benefit continues to AP's estate/children/beneficiary. OR AP's portion stops. OR ? |
AP's portion of P's retirement benefit reverts to
P's beneficiary. OR AP's portion of P's retirement benefit continues to AP's estate/children/beneficiary. OR All payments cease. OR ? |
Michael E. Gallagher
Gallagher Actuarial Services
P.O. Box 297
Sebago, ME 04029-0297
(207) 650-6405
email: actuary "at" galactser.com