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In California, all types of retirement benefits are considered community property, which allows CalPERS benefits to be divided upon a dissolution of marriage or registered domestic partnership or legal separation.
After the death of you or your spouse, the survivor receives monthly payments of 100% of the monthly amount you received when both you and your spouse were alive.
A joint-and-survivor annuity provides a benefit for the rest of your life at an amount reduced from the straight-life annuity amount, with your choice of 50%, 75%, or 100% of that reduced amount to be paid to your beneficiary if you die before that person.
The Special Death Benefit is a monthly allowance to an eligible surviving spouse, eligible registered domestic partner, or unmarried child under age 22 equal to half of the members average monthly salary for the last 12 or 36 months, regardless of the members age or years of service credit.
By completing this Waiver, the spouse is giving up the right to receive a survivor pension that would be payable under any future life annuity that may be purchased with funds transferred out of the variable benefit account by the retired member.
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A joint-life payout is a structure for pensions and retirement plans that continues providing income to a surviving spouse after the account holder dies. An annuity is a financial product that pays out a fixed and reliable stream of income to an individual, which is typically of primary importance to retirees.
There is a Pension Partner Waiver that can be signed at retirement by your spouse or partner to give up the right to that benefit. This can be done in order to allow you to select a Single Lifetime pension option, with or without a guaranteed period.
Your spouse can choose to give up their right to your pension benefit by signing a waiver.

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