Pop Up Clause Many individuals receiving a monthly pension check, chose at the time of retirement, to have their pension check reduced to provide for a Survivor Benefit. The reduction normally amounts to 10% of what the individual would have received if there was no Survivor Benefit. There is a provision in the Pension Plan, commonly referred to as the Pop-Up Clause, which provides that, if the designated survivor were to pass away before the retired annuitant, the retired annuitant's monthly payment will be recalculated upward to reflect the fact the a survivors' benefit would no longer be paid. If the individual you have designated to receive a survivors' benefit passes away, you should immediately notify the Human Resources Group at NEXCOM by calling 1-888-639-2363. Once you have completed your browsing of the NEREA web site we invite you to click on the following links for important site
• Long Term Care Resource Center • NAF Health Plans- Once on the homepage, click on the Retirees link at the top of the page. • Estate Resolution Services FAQ • Global Exchange Your Benefits Information Routine requests for information concerning your retirement benefits or medical coverage is now available for Navy Exchange Retirees by the use of a toll free telephone number. The NEXCOM toll free number is 1-888-639-2363
NOTIFICATION OF DEATH It is very important that NEXCOM be informed of the death of a retired associate. Often a deceased retiree may have a life insurance policy from NEXCOM that cannot be paid until the beneficiary or family member notifies NEXCOM and provides the necessary documents. NEXCOM informs John Hancock regarding the pension and NEREA to publish the name in the NEWSLETTER. There have been times when deceased retirees were not listed in our newsletter because NEXCOM was not informed of the death.
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