Survivor Benefits - Death Before PEERS Retirement
In addition to the emotional stress caused by the loss of a loved one, it can also put significant stress on a family’s finances, particularly when this occurs during the working years. To help ease this burden, PEERS offers valuable financial protection for your family if you die before retirement.
The benefits payable depend on your beneficiary designation, your employment status and years of credit with PEERS.
Always keep your beneficiary designations with PEERS up-to-date to ensure benefits payable to your survivors are distributed according to your wishes. As an active PEERS member, you can update your beneficiary designation at any time using the Pre-Retirement Beneficiary Designation form. View the brochure, Protecting Those You Care About, or contact us for more information.
Two types of benefits are provided for beneficiaries of members who die before retirement:
Specific qualifications must be met in order to receive lifetime monthly retirement-based benefits.