Teammate Handbook Cover

Basic Death Benefit The Basic Death Benefit will be paid if:

• No one is eligible for either of the monthly allowances above; or • The person who is eligible for one of the monthly allowances above chooses instead to receive the Basic Death Benefit; or • A person other than a spouse or registered domestic partner is designated as a beneficiary for all or a portion of your contributions and interest. Benefit Payments Your beneficiary will receive a lump-sum payment of: • A refund of your contributions plus interest; and • Up to six months’ pay (one month’s salary rate for each year of current service to a maximum of six months). If no one is eligible for the Pre-retirement Option 2W* Death Benefit or the 1957 Survivor Benefit, your beneficiary will be determined as follows: • Named beneficiary, or if none; • Spouse or registered domestic partner, or if none;

• Children, or if none; • Parents, or if none; • Brothers and sisters, or if none; • Estate if probated, or if not; • Trust, or if none; • Next of kin, as provided by law.

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1959 Survivor Benefit Talk to your employer to find out if they have contracted for this benefit. Applicable only for members not covered under Social Security while employed under a CalPERS-covered agency. The 1959 Survivor Death Benefit may not be payable if the Special Death Benefit is elected.

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

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