As an
OPSRP member, if you have designated a beneficiary for your IAP and die before retirement, PERS will pay the amounts in your IAP to your designated beneficiary.
For your OPSRP pension, you do not need to designate a beneficiary because this is already set for you by law. If an OPSRP member dies before retirement, the only eligible beneficiaries are a spouse, a registered domestic partner, or a former spouse or a minor child as directed by court order. Therefore, no pension death benefit will be provided to the survivors of single OPSRP members.
Your spouse or registered domestic partner will receive a monthly death benefit for their lifetime. After January 1, 2022, if you are eligible to retire at the time of your death, the death benefit will be worth 100% of the actuarial value of the pension you would have received in retirement. If you are not eligible to retire when you die, the death benefit will be worth 50% instead. (Read more about
retirement eligibility.)
As for your IAP, your beneficiary options vary depending on whether you are married or single. Read the
IAP Pre-Retirement Designation of Beneficiary Packet instructions for more information.