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The Survivor's Benefit Program provides a death benefit to the beneficiaries of eligible retired New York State employees. For most retirees, the amount is $3,000. Read our brochure, The Survivor's Benefit Program for Retired New York State Employees, for information about eligibility requirements.

Beneficiary designations allow you to transfer assets directly to individuals, regardless of the terms of your will. Beneficiary designations are often made when a financial account, retirement account, or life insurance policy is established.

The Survivor's Benefit Program provides a death benefit to the beneficiaries of eligible retired New York State employees. For most retirees, the amount is $3,000. Read our brochure, The Survivor's Benefit Program for Retired New York State Employees, for information about eligibility requirements.

A beneficiary is generally any person or entity the account owner chooses to receive the benefits of a retirement account or an IRA after they die. The owner must designate the beneficiary under procedures established by the plan.

Write the names of the first beneficiary(ies) you would like to receive your benefit after you die. You may name an individual(s), entity (such as a charity, business, religious organization, funeral home, etc.), trust, or estate. You may name more than one.

The Tier 1 death benefit is equal to 8.33 percent of your last year's earnings, multiplied by your years of service credit, up to 36 years.

When you became a member of the New York State and Local Retirement System (NYSLRS), you may have designated one or more beneficiaries. A beneficiary is a person, often a relative or loved one, whom you have chosen to be eligible to receive a benefit upon your death.

You can change this beneficiary at any time using the PBGC Form 707. If this beneficiary dies, it's important to designate a new one, even if you haven't started to receive payments.