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PERS Survivor Benefits


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That really depends on which pension plan you are in.

In any case you should have copies of both the initial and the current SPD. If not you should request an SPD from either your Benefits Dept or the Plan Administrator which is always where you go for initial information.

George D. Burns

Cost Reduction Strategies

Burns and Associates, Inc

www.costreductionstrategies.com(under construction)

www.employeebenefitsstrategies.com(under construction)

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I'm a retirement actuary. Nothing about my comments is intended or should be construed as investment, tax, legal or accounting advice. Occasionally, but not all the time, it might be reasonable to interpret my comments as actuarial or consulting advice.

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To GBurns: My husband is in the PERS pension plan in new jersey. He is on disibility retirement. What is an SPD? Layman's terms please. Thanks in advance.

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Look here: http://www.state.nj.us/treasury/pensions/pers1.htm

Specifically, look at the "member handbook" and glance thru the list of Frequently Asked Questions.

I'm a retirement actuary. Nothing about my comments is intended or should be construed as investment, tax, legal or accounting advice. Occasionally, but not all the time, it might be reasonable to interpret my comments as actuarial or consulting advice.

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SPD= Summary Plan Description. This is the Plan Document info summarized and explained in layman's terms.

Although you say that your husband is in PERS, I find that many people use the term as a generic term to refer to any pension plan that they are in as a public employee. In NJ he could be a Teacher, Policeman, Firefighter, State Trooper etc or just an long enough serving employee to be a Closed System or in any 1 of the many other public pension plans available to state, county and municipal etc employees.

Look at his benefits statement and verify which plan he is in, then Visit the website and read up, use the calculator etc then call his Benefits Dept:

http://www.state.nj.us/treasury/pensions/index.html

http://www.state.nj.us/treasury/pensions/pers1.htm

http://www.state.nj.us/treasury/pensions/pubslist.htm

George D. Burns

Cost Reduction Strategies

Burns and Associates, Inc

www.costreductionstrategies.com(under construction)

www.employeebenefitsstrategies.com(under construction)

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