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Survivor benefits if you die before retirement

If you die before retirement and at the time of your death you have an eligible spouse, your spouse automatically receives the survivor benefits unless they have waived them. Your spouse may waive their entitlement to a survivor benefit by completing the applicable waiver, Spousal Waiver Pre-Retirement Death Benefit, available on our website. You may also designate beneficiaries to receive survivor benefits, in case you do not have an eligible spouse when you die or if your eligible spouse has waived their right to receive survivor benefits. You can update your beneficiaries by completing a Pension Beneficiaries form.

SURVIVOR BENEFITS

The following chart explains, under the current plan terms, who is eligible to receive the survivor benefit if you die before retirement and what the benefit is:

survivor benefits chart

IF NO ELIGIBLE SURVIVORS OR BENEFICIARIES

If No Spouse or Beneficiaries If you do not have a spouse at the time of your death, or if they have waived their right to a survivor pension, any survivor benefits will be paid in equal parts to your designated beneficiaries, or to your estate if you have not designated a beneficiary.

Notification of death

If you die while employed, your survivor should contact your employer who will contact OPTrust.