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Depending on your membership status at the time of your death, your beneficiaries may be eligible for the following benefits: One-time death benefit \u2022 Defined Benefit Program account distribution \u2022 Defined Benefit Supplement Program account distribution All survivor benefits are considered taxable income.
Social Security's Lump Sum Death Payment (LSDP) is federally funded and managed by the U.S. Social Security Administration (SSA). A surviving spouse or child may receive a special lump-sum death payment of $255 if they meet certain requirements.
All withdrawals may be subject to one or more of the following: Voya contractual fees, deferred sales charges, or market value adjustments. There may be withdrawal restrictions on certain funds (please refer to your prospectus). Any fees will be deducted from the remaining account balance.
A one-time lump-sum death payment of $255 can be paid to the surviving spouse if they were living with the deceased. If living apart, they were receiving certain Social Security benefits on the deceased's record.
This choice provides a lifetime monthly annuity payment for your lifetime and the lifetime of your annuity beneficiary.

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You can receive your retirement benefit as a lump-sum payment, which may be rolled over into a qualified retirement plan. If you have an account balance of $3,500 or more when you retire, you may elect to receive an annuity in lieu of a lump-sum payment.
CalSTRS pays a one-time death benefit payment of $6,903 to your named recipient or recipients if you're a retired member. The amount of the payment may be adjusted periodically by the Teachers' Retirement Board.
You can receive your retirement benefit as a lump-sum payment, which may be rolled over into a qualified retirement plan. If you have an account balance of $3,500 or more when you retire, you may elect to receive an annuity in lieu of a lump-sum payment.
CalSTRS provides retirement, disability and survivor benefits for full-time and part-time California public school educators through a hybrid retirement system consisting of its Defined Benefit, Defined Benefit Supplement and Cash Balance Benefit programs, and a voluntary defined contribution plan called CalSTRS ...
Option beneficiary means the person designated by a member to receive a retirement allowance under the Defined Benefit Program upon the member's death.

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