Death, survivor and reversionary benefit options under SERS explained
May 1, 2025
Presenter explained death and survivor benefits for active and retired members, eligible survivor definitions, lump‑sum payments, monthly annuity percentages, and the reversionary election with examples showing how different reversionary percentages reduce retiree pensions and create survivor incomes.
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The presenter described death benefits for active members and retirees, defining who qualifies as an eligible survivor (spouse/civil union partner of at least one year, minor children, full‑time students under 22, disabled child, dependent parent). For active members with qualifying survivors he said there is a $1,000 one‑time lump sum plus eligibility for a monthly annuity up to 50% of what the deceased member’s pension would have been, and that a refund of retirement contributions plus interest is paid when appropriate.
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