Serving those who serve South Carolina

Survivor benefits

Retirement account benefits

SCRS and PORS members

Payment Option A

If you selected payment Option A, the maximum retiree only monthly annuity option, after your death, PEBA will return the remaining balance of any member contributions and interest and working retiree contributions not exhausted through receipt of your annuity during your retirement to your beneficiary or estate through a lump-sum payment.

 

Payment Option B

If you selected payment Option B, after your death, your beneficiary will receive the same annuity you received, including granted benefit adjustments, for life.

 

Payment Option C

If you selected payment Option C, after your death, your beneficiary will receive one-half of the annuity you received, including granted benefit adjustments, for life.

 

GARS members

Information about GARS retirement account survivor benefits is located in the GARS Member Handbook.

 

JSRS members

Information about JSRS retirement account survivor benefits is located in the JSRS Member Handbook.

 

Retired member incidental death benefits

Working retired members of SCRS or PORS

If you are a working retired member of SCRS or PORS, or are a participant in the Teacher and Employee Retention Incentive (TERI) program and your employer provides incidental death benefit coverage, a payment equal to your current annual earnable compensation will be paid to your beneficiary if you die while in service. Amounts paid to your beneficiary are considered taxable benefits; therefore, federal taxes will be withheld unless your beneficiary rolls over the money into another qualified retirement plan. It is up to your beneficiary to request that state taxes be withheld from the payment.

 

Non-working retired members

As a non-working retiree, if you die and your last employer prior to retirement provides incidental death benefit coverage, a payment based on your service credit will be paid to your beneficiaries as follows:

 

SCRS and PORS members

 

GARS and JSRS members

 

Amounts paid to your beneficiary are considered taxable benefits; therefore, federal taxes will be withheld unless your beneficiary rolls over the money into another qualified retirement plan. It is up to your beneficiary to request that state taxes be withheld from the payment.

 

202 Arbor Lake Drive

Columbia, SC 29223

803.737.6800 | 888.260.9430

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S.C. Code of Laws

© 2016 South Carolina Public Employee Benefit Authority

Data classification: public information