After the first year, based on your Wage Class and annual rate of pay, members are eligible for a maximum benefit of $15,000. The first year maximum is $1,250.
After retirement, your Life Insurance amount is reduced by 20 percent. Then every year thereafter, the original amount is further reduced by 20 percent until you reach the minimum Life Insurance amount of $1,250.
For more details, check the Life Insurance section of your Summary Plan Description.
You can also email us at [email protected] or call the Benefit Fund at (646) 473-9200.