For Plan members who elected the Joint and 100% Survivor Pension Guaranteed for 15 years

If you pass away before receiving 15 years (180 months) of pension payments

• Your designated beneficiary or estate will receive a lump sum payment equal to the present value of the remaining pension payments, calculated at the time of your death.
   

If you pass away after receiving 15 years (180 months) of pension payments

• Your designated beneficiary or estate will receive a lump sum payment equal to the difference between your contributions with interest at the date of your retirement and the total of all pension payments received at the time of your death, if any.