Service Employees 32BJ North Pension Fund

North Pension Fund Summary Plan Description (SPD) >> Lump-Sum Death Benefit

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Upon your death, your designated Beneficiary is entitled to a lump-sum death
benefit if you meet one of the following circumstances at your death:

• If you have accrued 15 years or more of Pension Service, you die after your Pension Start Date, and you are 65 years of age or older at your Retirement, your Beneficiary will receive a lump-sum payment of $2,000.

• If you have accrued more than 10 years but less than 15 years of Pension Service, you die after your Pension Start Date, and you are 65 years of age or older at your Retirement, your Beneficiary will receive a lump-sum payment of $1,000.

• If you have accrued 15 years or more of Pension Service, you die while receiving either a Disability Retirement Pension or an Early Retirement Pension, and you ceased to be an Active Participant after attaining age 50 but before attaining age 65, your Beneficiary will receive a lump-sum payment of $1,000.

You may designate your Beneficiary, and may change that designation, by completing a new designation form and submitting it to the Fund at 101 Avenue of the Americas, New York, NY 10013.

If no Beneficiary has been designated, or if your Beneficiary is not alive when you die, your death benefit will be payable to your surviving spouse, or if none, your surviving children, or if none, your surviving parents, or if none, your surviving siblings, or if none, your estate. A Beneficiary also may be designated in an entered court order, if the order contains a clear designation of rights. A Beneficiary designation in a court order meeting this requirement will govern over any prior or subsequent conflicting designation filed with the Fund.

A Beneficiary may waive his or her rights as a Beneficiary under the Plan in an entered court order, provided that such order contains a clear waiver of rights. A waiver in a court order meeting this requirement will govern over a prior conflicting designation that has been filed with the Fund. If such waiver is on file with the Fund Office and no new Beneficiary designation has been made, the Fund will pay your death benefit in accordance with the same procedures that apply to Participants who die without designating a Beneficiary, as described in the preceding paragraph.