Lump-Sum Payment to a Beneficiary at the Member's Death
If you die before retiring from PSRS, your beneficiary may elect a lump-sum refund of your account balance, which includes the total of your accumulated contributions and interest as of the date of your death, including any payments you made toward a purchase or reinstatement of service credit.
Matching contributions made by your employer are not included in this refund.
You may name any individual, trust or legal entity to receive a lump-sum death benefit. If you designate joint beneficiaries, they will share equally unless you specify otherwise.
For more information regarding designating beneficiaries, see the brochure, Protecting Those You Care About, or visit the PSRS Member Handbook.
Other types of Survivor/Death Benefits include:
Beneficiary Designation Form
View Your Beneficiary Designation
