§ 27005 Death Benefit Annuity Calculation

• •If someone dies, their retirement money gets turned into regular payments for their family.
• •The amount of each payment depends on how much money was saved and how old the family member is.
• •The payments are calculated so they last for the rest of the family member’s life.

A parent who worked for the government passes away, leaving behind a spouse.

The money saved in the parent’s retirement account gets turned into monthly payments for the spouse. The amount depends on how much was saved and how old the spouse is when the payments start.