IBEW Local 1547 Alaska Electrical Trust Funds Alaska Chapter NECA
 

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701 E. Tudor
Suite 200
Anchorage, AK 99503

 
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Life Events - Deaths

It's important to notify the Administrative Office as soon as practical following the death of a participant/employee, retiree, or spouse of a retiree.  When you contact the Administrative Office, the staff will guide you through the forms that must be completed.  They will also inform you of any benefits that may be available.  The Administrative Office will need a copy of the death certificate and if there are pension benefits remaining, a certified copy of the death certificate will be necessary.

Death of the participant/employee

If the participant had active Health & Welfare coverage during the month of death, a life insurance benefit is payable.   Accidental death benefits are also payable if the death was the result of an accident.

If the participant was vested in the Pension (defined benefit) Plan, there is a pre-retirement death benefit for the surviving spouse or beneficiaries.

If the participant was vested in the Money Purchase Pension  (defined contribution) plan, the balance of his or her account will be paid to the surviving spouse or beneficiary (s) of record. 

Death of a retiree

Pension Benefits
If a retiree dies, pension benefits may either continue unchanged, continue on a reduced basis, or stop altogether, depending on the benefit payment option elected at the time of retirement.

A beneficiary need not return the pension payment for the month in which a retiree dies; however, if the beneficiary receives any payments for the months following the retiree's death, they must be returned or repaid to the Trust.

Remember, it's important to notify the Administrative Office as soon as practical following the death of a retiree.

Medical Benefits
The surviving spouse of a retiree (who was participating in the Retiree Health & Welfare Plan with dependent coverage) may elect to continue coverage through the retiree plan.  The surviving spouse will need to enroll in the plan appropriate to their age. 

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Death of the spouse of a retiree

Pension Benefits
If the spouse of a retiree dies, pension benefits may either continue unchanged or continue on an increased basis depending on the benefit payment option elected at the time of retirement.

Remember, it's important to notify the Administrative Office as soon as practical following the death of a spouse of a retiree.

Medical Benefits
A retiree who has lost his or her spouse, and was enrolled in a "Family Plan", may enroll in a "Retiree Only" plan at the lower premium.

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Death of a designated beneficiary

If your designated beneficiary dies, you should name a new beneficiary to ensure that benefits will be paid in accordance with your wishes.  Please note that the Administrative Office must receive the original form to change a beneficiary.

Life Insurance (Health Plan)

Enrollment Form (Plans 500, 551-554)

Money Purchase Plan

Enrollment/Beneficiary Form

Pension Plan

Enrollment Form

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