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If I choose to receive the Maximum Payment Option, what would happen to my retirement allowance when I die?

All retirement allowance payments would cease upon your death. However, any amount due for the month in which you die would be payable to your fractional beneficiary.

In addition, for Tier II, III, IV, and VI retirees who are covered under Death Benefit #2, their Death Benefit #2 beneficiary may be eligible to receive a lump-sum post-retirement death benefit. See the FAQs about Death Benefits for more information.