Lifetime Monthly Retirement-Based Survivor Benefits

If you die before you retire with PSRS or while receiving PSRS disability benefits, your beneficiary may be eligible for survivor benefits. PSRS retirement-based survivor benefits are lifetime monthly benefits for a sole (one) beneficiary with a financial dependence on you.

  • You must have five or more years of service with PSRS.
  • You can name only one individual with an insurable interest in your life as your beneficiary.
  • If your sole beneficiary is your spouse, child or parent, he or she automatically qualifies.
  • Any other individual named as your sole beneficiary may be eligible if financially dependent on you.
  • Your beneficiary may be eligible for immediate benefits if you are eligible for retirement at the time of your death, or future benefits based on your retirement eligibility with no additional service.
  • Benefits are based on the amount you would receive with no additional service, and you lived to retirement eligibility and chose the Joint-and-Survivor 100% benefit plan.

The only PSRS survivor benefit payable to a trust is a lump-sum payment of your contributions and interest.

If you name a trust as your PSRS beneficiary, your family will not be able to choose monthly survivor benefits.

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