The Clergy Pension Plan allows you to name beneficiaries for certain survivor's benefits.
Monthly Survivor's Benefit
If you are not married at the time of your retirement, you can establish a survivor's benefit for a named beneficiary.1
- The beneficiary must be under the age of 22 at your retirement date
- You can select a survivor's benefit from 25% up to 100% of your monthly benefit. Your selection will affect the amount of the monthly benefit you receive during your lifetime.
- You can select to receive your benefit as a 10- or 15-year certain and life option. For details on this option, see the Guide to Benefits Under the Clergy Pension Plan.
- The selection you make at retirement is irrevocable and cannot be changed
If you are divorced, and your former spouse was named as a beneficiary of your survivor's benefits, your former spouse will remain as a beneficiary unless you designate another beneficiary or remarry. For more information see Marriage & Divorce.
A life insurance benefit may be paid to your named beneficiaries if you retired directly from active service or have at least 25 years of Credited Service (CS).
- The life insurance benefit is equal to four times your Highest Average Compensation (HAC), with a maximum of $50,000 and a minimum of $10,000.
See Life Insurance for more information.
If you have no spouse or children and do not name a beneficiary, no survivor's benefits will be paid.
Contact Client Services to review your current beneficiaries and make any updates.
8:30AM - 8:00PM ET (excluding holidays)
Monday - Friday
1There may be additional restrictions regarding the eligibility for survivor's benefits. For more information, see A Guide to Benefits Under the Clergy Pension Plan.