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Ppsta Form

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welcome to part seven of people's retirement benefits training for employers in this section we will cover death claims there are three retired member payment options with option a your beneficiary receives a refund of remaining contributions with option b your beneficiary receives the same reduced lifetime monthly payment amount the retiree received before death and with option c your beneficiary receives half of the reduced lifetime monthly payment amount the retiree received before death when a beneficiary is eligible for a death benefit piba males form 4151 election of death benefits death claim payment options are paid to the designated beneficiary on file with piba if no beneficiary is named or the named beneficiary predeceases the member the beneficiary will default to the members estate if there are multiple beneficiaries all must choose the same payment option on the election of death benefits form if eligible payments cannot be made until all beneficiaries have returned the

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