Choosing Your Beneficiary

Choosing your beneficiary—the person your pension benefits will go to in the event of your death—is one of the most serious decisions you will make when you retire. Your Fund’s Pension Counselors are on hand to explain your options and help you make the choice that’s best for you.

You’ll have several choices to make, depending on how much money you want in your monthly pension check and whether or not you want to provide for your spouse or another beneficiary after you die.

You may want to receive more money in your monthly check and have your benefits end when you pass away. Or, if you want to provide for your spouse or another loved one, you may choose a lower monthly payment so that benefits can continue after your death.

To schedule an appointment to discuss your beneficiary options, contact us online or call the Pension Department at (646) 473-8666