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I can elect for a certain percentage of my pension payments to continue for my wife after my death. If I choose this option, my pension will be paid at a reduced rate. The monthly amount I receive is dependent upon the percentage I elect for my wife after I die.
I have heard somewhere that it is most prudent to take the full pension payment and ignore the death benefit for my wife. I recall that the logic in the argument was beneficial to both myself and my wife. Trouble is, I can't remember what the logic was.

As a surviving spouse myself, I wonder how your wife would feel about getting nothing of your pension should you die. Certainly, your company might think it prudent as in that case they would not have to pay out any more of your pension.

Please discuss this with your wife before making this decision.

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