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Pension Plan
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Pre-Retirement Death Benefits

Normal Death Benefit

Eligibility for the Normal Death Benefit

If a Participant or terminated Participant dies before retirement at a time when at least two Qualified Years have been accumulated, a Death Benefit will be payable to the Participant's BeneficiaryThis term means the person or persons whom a Participant last designates to receive benefits in the event of his or her death. However, if you have been married at least one year at the time of your death, your spouse will be your Beneficiary unless you and your spouse select a different Beneficiary. If there is no surviving designated Beneficiary, please refer to Section: NAMING OR CHANGING A BENEFICIARY BEFORE RETIREMENT on page 33 for details about the Plan's rules for designating a beneficiary and for paying benefits to a minor. Beneficiary designation forms are available from the Administrative Office.. (Even if a Participant had a Permanent Break in Service Prior to January 1, 1998, if a Participant has five consecutive One-Year Breaks in Service before he becomes vested, his earlier Qualified Years and accumulated contributions will be forfeited and his participation in the Plan will be terminated. Effective January 1, 1998, this rule no longer applies to Qualified Years, although service and benefits forfeited prior to 1998 due to a permanent Break in Service will remain forfeited. However, the Break in Service rules continue to apply to counting years of participation for purposes of determining your Normal Retirement Date. (see page 8), the Beneficiary will qualify for this benefit if the death occurs before retirement.)

Amount of the Normal Death Benefit

The Normal Death Benefit is equal to 100% of the Employer contributions (subject to the compensation limits described on page 32) made to the Plan on behalf of the Participant plus, 28.30% of such Employer contributions for each of the Participant's Qualified Years in excess of 20, up to a maximum of an additional 141.5% (a maximum of 241.5% for 25 or more Qualified Years). Effective as of May 2, 2011, any contributions made (or required to be made) to the Plan on the Participant's behalf by Employers above six percent (6%) of his or her Covered EarningsEarnings for employment as a writer that is covered by the Plan. Work for which there is no employee-employer relationship is not covered. Royalties, options, clips, program fees, character payments, theatrical residuals, publication fees, separated rights payments, and sale of original material are also not considered covered earnings. However, for periods on and after May 2, 1998, sales of literary material are considered covered earnings if the Employer also employs the writer to do a rewrite or polish on the material. shall not be taken into account for purposes of calculating or accruing any benefit payable to the Beneficiary.

If the amount of the Normal Death Benefit is less than $200, no benefit will be payable.

The minimum Normal Death Benefit will be $5,000 if the Participant has at least fifteen Qualified Years. At least two of these fifteen Qualified Years must be earned during the five Plan Years The term Plan Year means the calendar year. preceding the 12-month period beginning April 1 and ending March 31 during which the Participant dies.

Notwithstanding the above, in the case of Participant or terminated Participant who would not have earned two Qualified Years A Plan Year in which the Participant earned at least eight Credited Weeks. unless service as a part-time or temporary employee for a Named Employer were counted, such Participant shall only be entitled to the Normal Death Benefit if he or she had earned five Qualified Years (or ten Qualified Years if he or she had performed no Hours of Service after December 31, 1988 for such Named Employer).

Note: For purposes of determining whether a Participant is eligible for a Normal Death Benefit and the amount of that benefit, "Live Fund" Years (see page 5) are not counted as Qualified Years. In addition, as noted in the Military Section on page 5, effective for deaths occurring on or after January 1, 2007, the survivor of a Participant who dies while performing qualified Military Service is entitled to receive any additional benefits (other than benefit accruals relating to the period of that Participant's qualified military service) the survivor would have received if the Participant resumed employment with the Employer and then died.


Important

The Normal Death Benefit will not be payable if a surviving spouse is eligible for benefits under the Surviving Spouse Benefit unless such surviving spouse of a deceased Participant waives the Surviving Spouse Benefit in accordance with the Plan's rules. In that case, the Normal Death Benefit will be paid to the Participant's designated Beneficiary (who may or may not be the surviving spouse).


Example 1:

David died on July 5, 2012, with eight Qualified Years. Total Employer contributions made to the Plan on David's behalf were $10,000. The Normal Death Benefit would be 100% of $10,000, or $10,000.

Example 2:

Michelle died on July 5, 2012, with 25 Qualified Years. Total Employer contributions made to the Plan on Michelle's behalf were $30,000. The Normal Death Benefit would be calculated as follows:


100% of $30,000 = $ 30,000
PLUS
141.5% (5 years x 28.30%) of $30,000 = $ 42,450
Total Normal Death Benefit $ 72,450


Example 3:

Sanford died on July 5, 2012, with 17 Qualified Years, two of which are during 2010 and 2011. Total Employer contributions were $4,500. Based on these contributions, the Normal Death Benefit would be equal to $4,500 (100% of $4,500). However, because Sanford had accumulated over fifteen Qualified Years, including two Qualified Years during the five Plan Years preceding the 12-month period beginning April 1, 2000 and ending March 31, 2001, the Normal Death Benefit will be the minimum of $5,000.

Method of Payment

The Normal Death Benefit will be paid in a lump sum. However, if the amount of the Death Benefit is $15,000 or more, the Beneficiary may elect to have the benefit paid in equal monthly installments over a period of five, ten, fifteen or 20 years by filing a written election with the Directors on the form provided by the Plan. Such period may not, however, exceed the life expectancy of the named BeneficiaryThis term means the person or persons whom a Participant last designates to receive benefits in the event of his or her death. However, if you have been married at least one year at the time of your death, your spouse will be your Beneficiary unless you and your spouse select a different Beneficiary. If there is no surviving designated Beneficiary, please refer to Section: NAMING OR CHANGING A BENEFICIARY BEFORE RETIREMENT on page 33 for details about the Plan's rules for designating a beneficiary and for paying benefits to a minor. Beneficiary designation forms are available from the Administrative Office.. An election to receive installment payments may be changed by a Beneficiary at any time prior to the commencement of the installment payments, but not thereafter. The monthly amount of each installment payment is determined by multiplying the lump sum amount of the death benefit otherwise payable times the appropriate factor from the following table:

Number of Years Over Which Payment Is Made Amount of Monthly Payment for Each $1,000 Of Death Benefit Proceeds
5
$19.59
10
$11.44
15
$8.82
20
$7.58

For example, if a Participant's Beneficiary is entitled to a lump sum Death Benefit of $20,000 and the Beneficiary elects to receive that benefit in monthly installments over ten years, the monthly amount of the installment payments would be equal to $228.80 (20 x $11.44).

Notwithstanding the foregoing, a Beneficiary's installment payment election will not be valid unless (i) the remaining portion of the Participant's interest that is not payable to the Beneficiary is distributed within five (5) years after the Participant's death, and (ii) the amount payable to the Beneficiary is distributed either: (a) within five (5) years after the Participant's death, or (b) over the life of the Beneficiary or over a period not extending beyond the life expectancy of the Beneficiary commencing not later than the end of the calendar year following the calendar year in which the Participant died (or, if the Beneficiary is the Participant's surviving spouse, commencing not later than the end of the calendar year in which the Participant would have attained age 70½).

If the Beneficiary dies before all of the installment payments have been made, the remaining unpaid installments will be converted to a lump sum and paid to the Beneficiary's estate.

NOTE: If a Participant files a valid Application for Retirement during the 180-day period before his or her proposed retirement date and dies before his or her retirement date, the Participant's election of the form of benefit shall become effective on the Participant's retirement date. Accordingly, the Participant's Beneficiary shall be entitled to whatever survivor benefits apply under the form of benefit elected. In the event this situation applies, neither the Normal Death Benefit nor the Screen Credit Death Benefit will be paid. Please note, however, that if a Participant has a surviving spouse at the time of the Participant's death, the benefit election will only be effective if the surviving spouse consented (if required). The Normal Death Benefit, the Screen Credit Death Benefit and Surviving Spouse Benefit will generally not be payable with respect to a Participant who elects to retire but dies before retirement. See page 23.

Example 1:

Max, a married Participant, elects on September 15, 2012 to receive the Ten-Year Certain and Life Annuity option with his son, Bob, as the Beneficiary and a retirement date of December 1, 2012. Max's spouse signs a consent to the election and has the consent notarized. On November 3, 2012, Max dies. Bob receives the ten year benefit starting on December 1, 2012. Max's spouse receives no Surviving Spouse Benefit and no Normal Death Benefits are paid.

Example 2:
John, a married Participant, elects on September 15, 2012 to receive the Joint and 100% Survivor Annuity option with his wife, Barbara, as the Beneficiary and a retirement date of December 1, 2012. On November 3, 2012, John dies. Barbara receives the survivor annuity starting on December 1, 2012. No Normal Death Benefits are paid.