Teammate Handbook Cover

Not Job-Related Death, Eligible to Retire

If you pass away at age 50 or over with a minimum of five years of CalPERS credited service, your beneficiary(ies) is eligible for the following benefits:

Pre-retirement Option 2W* Death Benefit Talk to your employer to find out if they have contracted for this benefit. Your eligible spouse or registered domestic partner will receive a monthly allowance equal to the amount you would have received if you had retired under a “service retirement” on the date of your death and elected Option 2W.* The benefit is payable to your spouse or domestic partner until death. Upon the death of your spouse or domestic partner, the benefit will continue to your natural or adopted unmarried children under age 18.

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1957 Survivor Benefit This benefit provides a monthly allowance equal to one-half of what your highest “service retirement” allowance would have been had you retired on the date of your death. Those eligible to receive this allowance are:

• Your spouse or registered domestic partner, or if none; • Your natural or adopted unmarried children under age 18.

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* Provides 100 percent of the option portion of your ongoing monthly benefit.

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