Survivor’s Benefits
When a death occurs in a family we understand it is a difficult time, however, it should be reported to LABF as soon as possible to expedite the procedure. (back to top)
A survivor of an employee should contact LABF to determine if there are any benefits payable. (back to top)
Cost of Living Adjustment (“COLA”)
Annual increases do not apply to surviving spouse and child annuitants. (back to top)
If an alternate payee is receiving a monthly retirement benefit at the member’s death, LABF will provide the following:
- Notification of termination of the QILDRO
- Lump sum benefit amount (provided the QILDRO allocates a share of the lump sum death benefit to the alternate payee)
If a member dies while in service, LABF will provide the lump sum benefit amount provided the QILDRO allocates a share of the lump sum death benefit to the alternate payee. (back to top)