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, PSRS offers valuable financial protection for your family if you die before retirement or while receiving PSRS disability retirement benefits.
New members can designate a beneficiary online within the first 18 months of membership by logging into Web Member Services. For security reasons, any changes made after that time must be made by submitting a PSRS Pre-Retirement Beneficiary Designation Form.
Three types of survivor benefits are provided for beneficiaries of members who die before retirement or while receiving PSRS disability retirement benefits: A lump-sum survivor payment, retirement-based monthly benefits and dependent-based monthly benefits. Specific qualifications must be met in order to receive lifetime monthly retirement-based benefits.