Preretirement Survivor Benefit
If you die before you retire, your eligible beneficiary(ies) may receive a monthly preretirement survivor benefit. To be eligible, you must be an Active participant in the Clergy Pension Plan (or, if you are not Active, then you must be vested) at the time of your death. The amount and duration of the preretirement survivor benefit will vary depending on your status under the Clergy Pension Plan, age at the time of death, and your eligible beneficiaries.
Eligible beneficiaries include these:
- Your surviving spouse
- Your eligible children
- Any disabled person who is your tax dependent
You can choose to designate a beneficiary; however, if anyone you designate is not considered an eligible beneficiary at the time you file a beneficiary form with CPF and/or at the time of your death, your beneficiary designation will be void. This means that no preretirement survivor benefit will be payable unless you are survived by your spouse or eligible children.
If you name a beneficiary for the preretirement survivor benefit, the following rules will apply:
- The beneficiary must be a person. Please note that if the eligible beneficiary is disabled, a special needs trust may be designated.
- If you are married, your spouse must provide written, notarized consent if you do not name him or her as the sole primary beneficiary.
- If you marry after filing a beneficiary designation with CPF, your beneficiary designation will become void after CPF is notified about your marriage. In this case, your spouse becomes your beneficiary.
- If you designate more than one eligible beneficiary, the preretirement survivor benefit will be divided equally, and each beneficiary will receive only his or her own share.
- If you do not designate a beneficiary, if your beneficiary dies before you, or if your beneficiary designation is invalid or void, the preretirement survivor benefit will be paid to
- your surviving spouse, or
- if you were not married, any eligible children.
- If you do not have a spouse, eligible child(ren), or an eligible designated beneficiary at the time of your death, no preretirement survivor benefit will be paid from the Clergy Pension Plan.
Minimum Spousal Pension
The Clergy Pension Plan provides a minimum pension to your surviving spouse. The minimum spousal pension is set at 80% of what your minimum pension would have been based on your actual Credited Service and, if applicable, projected Credited Service. CPF will automatically determine if your spouse is entitled to a minimum spousal pension.