If a miscellaneous member dies while retired, SFERS will pay a continuation allowance to a qualified survivor equal to 50% of the monthly service retirement benefit the retired member was receiving at the time of his/her death.
A qualified spouse/domestic partner must also be designated as the member’s sole primary beneficiary in order to receive a continuation allowance.
A Qualified Survivor is:
|Eligible spouse/domestic partner; or|
|Unmarried child under age 18|
A continuation allowance is payable to a qualified survivor only for the period that the survivor remains qualified (e.g., an unmarried child until age 18 or marriage, or a spouse until remarriage).
If you do not have a qualified survivor, then a lump sum benefit will be paid to your designated beneficiary or beneficiaries.
Lump Sum Benefit
SFERS will pay a lump sum benefit to your designated beneficiary equal to $100 for each year of service credit up to a maximum of $3,000.
A Beneficiary is:
|Someone named by the member to receive a lump sum benefit upon the member’s death. A beneficiary may be a person or persons, a trust, or an estate. If a member does not have a qualified survivor and does not designate a beneficiary, a lump sum benefit will be paid to the member’s estate.|
If you require additional information about survivor benefits, please contact the Retirement System.