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Funeral Benefit (Group Life Insurance)

 


Page updated 10 Mar 2019

IBM Australia Human Resources department uses this page for communications with QCC members and retired IBMA employees. One idea under consideration is to provide advice and assistance to those preparing for retirement - revisit this space periodically for more on this.

Funeral Benefit

28 Feb 2014: Updated details and added link to download the Funeral Benefit Beneficiary Nomination form.

IBMA has recently reviewed the Group Life Insurance Benefit and changed the name to Funeral Benefit to better reflect its purpose. No changes have been made to the process other than the change of name.

The following clarification of the Funeral Benefit eligibility for retired IBMA employees has been provided by IBMA Finance.  If you have any questions please contact IBM Human Resources by email.

Funeral Benefit for Retired Employees

Background
The Funeral Benefit for Retirees is a lump sum cash payment of $5,000 paid to the retiree's nominated beneficiary (or if no nominated beneficiary, to the retiree's estate) on the death of the retiree.  The payment is intended to assist towards the cost of funeral expenses. 

Eligibility
This Funeral benefit is available to any regular employee of IBM Australia Limited who retired prior to 30 September 1995. 

Nomination of Beneficiary
Deciding who should receive the Funeral Benefit for Retirees is often made difficult by the absence of documentation indicating the ex-employee's personal wishes.  Eligible ex-employees are requested to complete a Nomination of Beneficiary Form (download it here) and to ensure it is kept up to date to reflect changes in their personal situation. Completed forms should be returned to: 

IBM Australia Ltd
Personnel Records FC2
PO Box 400
Pennant Hills NSW 1715   

Funeral Benefit Claim Process    (Added 1/2/2107)

All Funeral Benefit claims should be made within 12 months of the date of death as specified on the Death Certificate.  

In order to process the Funeral Benefit payment, we will need a certified copy of the Deceased Death Certificate (certified by a JP).  This can be sent either by email or mail to IBM Personnel Records.  Please see details below:

Email:  precords@au1.ibm.com

Address:  
Attention Alice Chan
IBM Personnel Records
55 Coonara Avenue
West Pennant Hills  NSW  2125

Text supplied by
Sophie Moraleda
A/NZ Benefits
Phone: 61-404-888-066

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