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C BENEFICIARY DESIGNATION PERS-BSD-241 (Revised 12/04) MEMBER'S FULL NAME (PLEASE PRINT) SOCIAL SECURITY NUMBER TO: CalPERS/ Benefit Services Division P.O. Box 942711 Sacramento, CA 94229-2711 Fax:(916).

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100 Percent Beneficiary Option 2 with Benefit Allowance Increase This option provides 100 percent of the option portion to one beneficiary but, if your beneficiary predeceases you, your benefit will increase to the Unmodified Allowance. There is no return of member contributions to secondary beneficiaries.

Over the last 40 years (1983-2022), the inflation rate has averaged 2.82% and the long term (1965-2022) inflation rate has averaged 4.02%. The 8% inflation rate this year will be used in calculating the 2023 COLA for CalPERS retirees and will be reflected on your May 1, 2023, retirement checks.

The IRS maximum for 2023 is $330,000, up from $305,000 in 2022. The maximum lump-sum death benefit basis is $110,000.

The Special Death Benefit is a monthly allowance to an eligible surviving spouse, eligible registered domestic partner, or unmarried child under age 22 equal to half of the member's average monthly salary for the last 12 or 36 months, regardless of the member's age or years of service credit.

A retired lump sum death benefit is payable to your beneficiary and amounts vary. For State of California and California State University, the amount is $2000. For public agency members, the amount is $500 to $5,000 depending on your employer's contract.

IPERS provides death benefits if a member dies during retirement. The benefit depends on the payment option the member chose at retirement. Your beneficiary(ies) receive a one-time lump-sum death benefit in the amount of your choice, in increments of $1,000, up to the amount of your investment.

In most cases, you can get a lump-sum death payment if you were living in the same household when your spouse died. If you were living apart, you may still qualify for the lump sum death payment if, during the month they died, you met one of the conditions below: You were already getting benefits on their record.

Surviving spouse, full retirement age or older — 100% of the deceased worker's benefit amount. Surviving spouse, age 60 — through full retirement age — 71½ to 99% of the deceased worker's basic amount. Surviving spouse with a disability aged 50 through 59 — 71½%.

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© Copyright 1997-2025
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232