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Retiree Benefits - Death After
Retirement
Death After Retirement
Upon death of a retired member, unless an optional
benefit has been elected, a lump-sum payment equal to the
excess of the annual salary of the member at the date of
retirement, plus the member's total contributions, over the
amounts received by the member in annuity payment up to the
time of his death.
Beneficiary of Deceased Member:
- A Designation of Beneficiary form should indicate whom
the member designated as their beneficiary(s) to receive
his/her benefit upon death.
- The beneficiary(s) (provided the member was not
eligible for retirement by reason of age and years of
service), receives the benefit in a single lump sum
payment from the System. Note: Credited service of 10 or
more years and/or age of 50 or more is considered for
retirement annuity.
A Death Benefit Application must be completed by the
designated beneficiary with the following
documentation:
- Photo Identification of Beneficiary
- Birth Certificate
If the deceased member was age 50 or older with ten or
more years of credited service and has a surviving spouse,
the spouse would be eligible to receive the members
annuity/pension regardless of any other named or designated
beneficiary.
If there is no record of designation of beneficiary for a
deceased member, the following procedure is followed for the
granting of death benefits in accordance with Title 3,
Chapter 27, Section 712 (a) (1) (2) (3) (4) VIC:
Spouse (if any),
If you have no surviving spouse, your child or children
and descendants of children by representation in equal
amounts,
Your parents and
Your estate.
A family representative (spouse, child, parent, etc. . .)
should visit our office to complete the necessary paper
work.
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