Is CalPers Death Benefit Lump Sump on $500? : personalfinance


I am vested with CalPers. The CalPers website lists my death benefit as $500. The customer service agent I spoke to confirmed this and said it doesn’t matter should the death occur before or after retirement. She said that’s the amount based on my previous company’s contract with CalPers. I have a hard time believing my beneficiaries won’t receive anything else. Maybe she misspoke and is the $500 on top of the pension?

Can anyone confirm?

I’m not morbid, just doing some will planning.

Thanks!



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