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Committee advances bill altering PERS post‑retirement death benefits to floor
Summary
Senate Bill 852, which modifies post‑retirement death‑benefit rules for multiple PERS membership tiers, was advanced to the House floor with a due‑pass recommendation and will be carried by Vice Chair Elmer.
The committee advanced Senate Bill 852 to the House floor after a brief work session on April 23. Committee staff summarized four substantive changes affecting post‑retirement death benefits within the Public Employees Retirement System (PERS):
• For members of the Individual Account Program (IAP) who elect installment payments and die before their entire account is paid out, the remaining account balance would be paid as a lump sum.
• When an additional monthly death benefit payable to surviving…
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