In addition to the emotional stress caused by the loss of a loved one, it can also put significant stress on a family's finances, particularly when this occurs during the working years. To help ease this burden, PEERS offers valuable financial protection for your family if you die before retirement or while receiving PEERS disability retirement benefits.
You can create or update your beneficiary designation online using Web Member Services or by submitting a PEERS Pre-Retirement Beneficiary Designation.
Two types of survivor benefits are provided for beneficiaries of members who die before retirement or while receiving PEERS disability retirement benefits: A lump-sum survivor payment or retirement-based monthly benefits. Specific qualifications must be met in order to receive lifetime monthly retirement-based benefits.