State Correction Officers and Security Hospital Treatment Assistants Plan
For ERS Tier 3 and 5 Members (Article 14-CO)
Ordinary Death Benefit
Your beneficiary may be entitled to an ordinary death benefit if your death is not attributable to an on-the-job accident. The first $50,000 of this benefit is paid in the form of group term life insurance, which is currently exempt from federal income tax. Your accumulated contributions are also payable to your beneficiary.
An ordinary death benefit may be payable to your designated beneficiary if you have completed at least 90 days of service since last joining the Retirement System and your death occurs:
- While you are on the payroll in public service;
- While on an authorized medical leave of absence without pay;
- While receiving Workers’ Compensation, or other employer-funded benefits, for up to two years (which may be extended for an additional two years) following the last date you were paid on the payroll, provided your employment has not been terminated by resignation, employer action or any other means while receiving those benefits; or
- Within 12 months of the last date you were receiving salary, on an authorized medical leave of absence or receiving Workers’ Compensation or other employer-funded benefits, provided you were not otherwise gainfully employed during that period.
This benefit would equal three times your salary, raised to the next highest multiple of $1,000. The salary is limited by Section 130 of the Civil Service Law.
Out-of-Service Death Benefit
If you are a vested member with at least ten years of credited service 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 and we will send the appropriate forms to your beneficiary.