If you die before retirement, any amounts in your employee, rollover, and employer accounts death benefits
Benefits provided to a beneficiary on the death of a member who has not retired. will be paid to the beneficiary(ies) named in your PERS records at the time of your death. Although this is a very emotional time for family and friends, PERS is required to pay benefits according to the most recent designation filed and accepted by PERS. That means PERS cannot act upon statements you may make to relatives, friends, or attorneys that contradict your filed designation.
To the extent you are vested in your IAP account at the time of your death, your IAP account will be paid to your beneficiary(ies) in a lump-sum payment.
If you die without designating a beneficiary or if the person you designated as your beneficiary predeceases you, then death benefits will paid to the following in order of priority:
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1. |
Your surviving spouse or other person who is constitutionally required to be treated in the same manner as your spouse. |
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2. |
Your surviving children in equal shares. |
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3. |
Your estate. |