Special 20- and 25-Year Plans
For PFRS Tier 1, 2, 3, 5 and 6 Members
(Sections 384, 384-d and 384-e)
Alternative Death Benefit
If you die in service after becoming eligible to retire, an alternative death benefit may be payable. This benefit would equal the pension reserve under the plan (Section 384-d, Section 384 or Section 384-e) that would have been established had you retired on your date of death.
Out-of-Service Death Benefit
If you are a vested member with at least ten years of credited service, have not retired, and you die more than one year after leaving public employment, 50 percent of the death benefit may still be payable. This vested benefit is also payable if you die within one year of leaving covered service but were gainfully employed during that time.
Your family or employer should notify us of your death as soon as possible so we can send the appropriate forms to your beneficiary.