If you die before you retire, there are various death benefit options available for your beneficiary or beneficiaries based on the type of beneficiary you have and how many years of service credit you have. Keeping your beneficiary up-to-date is important. You may name any person or persons as your beneficiary. In addition, you may name your estate. You can choose primary and alternate beneficiaries. The alternate beneficiary is the person or persons who would receive these benefits from SBCERA if you had no living primary beneficiaries at the time of your death.
While you are an active member, you can change your beneficiary at any time. A surviving spouse, domestic partner or minor child, if not the named beneficiary, may have certain rights superseding the rights of the beneficiary you have designated. If you only have surviving unmarried children under the age of 18, a legally-appointed guardian of the children will make the election for death benefits. The court must appoint a legal guardian over the estate of the minor children.
If a biological parent exists, they still must be appointed the guardian of the estate of the minor children. Below is a summary of the death benefit options available for your beneficiaries if you die prior to retirement as an active SBCERA member:. A spouse or registered domestic partner would receive this allowance for the rest of their lifetime. A child would only receive the allowance while they were eligible. A service-related death is one resulting from a service-connected injury or disease arising from or in the course of your employment with a participating employer.
If you have eligible children, your spouse will receive an additional monthly benefit as follows:. Note: The benefit will continue so long as the child ren are unmarried, a full-time student in school, and up to the age of Interested in calculating how much some of these benefit options would be?
Death Benefits Overview February 19, Designating a Beneficiary or Beneficiaries Keeping your beneficiary up-to-date is important. Service-Related Death Benefit A service-related death is one resulting from a service-connected injury or disease arising from or in the course of your employment with a participating employer. Estimating these Benefits Interested in calculating how much some of these benefit options would be?
