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Is your NEAP Individual Account balance greater than zero?
Is the participant still living?
Are you still working in covered employment?
Death Benefit Information
If You Die Before Receiving a Benefit and You Are Married
If you are a Participant and die before receiving a benefit and you are married at the time of your death, the balance of your Individual Account will be paid as a Death Benefit to either A, B or C below:
A. To your spouse as a pre-retirement spouse benefit through the purchase of a Single-Life Annuity payable each month to your spouse for your spouse's lifetime, if your spouse chooses.
OR
B. To your spouse as a Lump-Sum Distribution, if your spouse chooses.
OR
C. To your designated Beneficiary as a Lump-Sum Distribution, if your spouse has consented to the designation.
If You Die Before Receiving a Benefit and You are Not Married
If you are a Participant and die before receiving a benefit and you are not married at the time of your death, the balance of your Individual Account will be paid as a Death Benefit to either A or B below:
A. To your designated Beneficiary as a Lump-Sum Distribution.
OR
B. To the following individuals in the indicated order, if there is no Beneficiary:
- Your children (shared equally), or
- Your parents, or
- Your estate.
If You Die While Receiving a Benefit
If you are a Participant and die while receiving a benefit, the balance of your Individual Account will be paid as the Death Benefit to either A, B, C, or D below:
A. To your spouse as the Survivor Benefit, if you chose the Joint and Survivor Option. Your spouse will begin receiving the Survivor Benefit the month following your death.
OR
B. To your spouse as a Lump-Sum Distribution.
OR
C. To your designated Beneficiary as a Lump-Sum Distribution if you are not married or if your spouse has consented to the designation.
OR
D. To the following individuals in the indicated order, if there is no spouse or Beneficiary:
- Your children (shared equally), or
- Your parents, or
- Your estate.
 You are not eligible for a NEAP Benefit as you are still working in covered employment.
Once you stop working in covered employment, you may be eligible for a NEAP Benefit.
If you need assistance, please contact the Plan office and a Participant Service Representative will check our records and let you know your eligibility to receive the funds from your NEAP Individual Account.
Are you age 55 or older?
Is your individual account balance $10,000 or more?
Are you disabled?
Are the total employer contributions to your Individual Account $10,000 or less?
Have you been out of covered employment for at least the last 36 consecutive months?
You are not eligible for a NEAP Benefit at this time as you have not been out of covered employment for at least 36 consecutive months or the employer contributions made to your Individual Account are over $10,000.
For more information, please refer to the Summary Plan Description under Plan Documents on our website.
The balance of your Individual Account will continue to reflect your Life Stage Fund's investment performance.
If you have any questions about your NEAP status, please contact the Plan office and a Participant Service Representative will assist you.
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