Retired Police Officer and Firefighter Survivor Benefits

Upon your death, your surviving spouse or minor children (under age 18) will receive a monthly benefit based on 25 percent of the Refund AnnuityClosed A retirement benefit that is paid over the lifetime of the member. When the member dies, any remaining retirement benefits in the member's account are paid in a lump-sum payment to the designated beneficiary(ies).benefits. If you select one of the lump-sum settlement plans, PERS bases the 25 percent continuation on the Lump-Sum Settlement Option 1 amount.

If the monthly survivor benefit is less than $200, PERS pays the actuarial equivalent in a one-time payment rather than as a monthly benefit.

 

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