Get Beneficiary/Survivor Checklist - Teachers Retirement System Of ...

You may choose for your beneficiary to receive: 100 percent; 50 percent; or 75 percent of your monthly annuity payment. In general, the higher the percentage you select for your beneficiary, the lower your monthly annuity payment will be during your lifetime.

How Long Do You Receive Social Security Survivor Benefits? Social Security survivor benefits are payable to the surviving spouse for the remainder of their life. Restrictions apply for divorced spouses eligible to receive benefits.

Your spouse, children, and parents could be eligible for benefits based on your earnings. You may receive survivors benefits when a family member dies. You and your family could be eligible for benefits based on the earnings of a worker who died. The deceased person must have worked long enough to qualify for benefits.

Surviving spouse age 60 or older (age 50 or older if they have a disability). Surviving divorced spouse, under certain circumstances. Surviving spouse at any age who is caring for the deceased's child who is under age 16 or has a disability and receiving child's benefits.

A beneficiary is any person you choose to receive either a one-time, lump-sum payment or an ongoing monthly benefit upon your death. A survivor is defined by law. You cannot choose a survivor. Your survivor and beneficiary can be the same person, but they don't have to be.

No, you can't collect two benefits at the same time But don't count on receiving a double payment if your spouse passes before you. If you're entitled to both a retirement benefit and the survivors benefit, you'll receive only one — the larger — of the two amounts.

Survivor Benefits If a member is retired and passes away, the beneficiary will receive a $10,000 survivor benefit or $2,500 and a monthly payment, depending on who the beneficiary is.

You can elect: 100% Beneficiary Option Your beneficiary will receive 100% of the monthly amount you received, or would have received, during retirement. 75% Beneficiary Option Your beneficiary will receive 75% of the monthly amount you received, or would have received, during retirement.