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 Calstrs Recipient Designation Form 2018

Calstrs Recipient Designation 2018-2025 Form

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Instructions and help about Calstrs Recipient Designation Form

As a vested CalSTRS member you're guaranteed a  lifetime retirement benefit. But did you know   you can choose to have a lifetime benefit paid  to a loved one after your death? You have three   choices, the 100% Beneficiary Option, the 75%  Beneficiary Option and the 50% Beneficiary Option.   When you elect one you'll provide a monthly  lifetime benefit to someone after you die but   it will also reduce your monthly benefit while  you're alive. How much your benefit is reduced is   based on three factors. Which option you choose,  your age and your beneficiary's age at the time   you make the election. The 100% beneficiary  option reduces your monthly benefit the most   but after you die your beneficiary will receive  100% of the benefit you received while you were   living. With the 75% and 50% options your benefit  is reduced less and when you die your beneficiary   will receive 75% or 50% of the benefit you were  receiving.

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