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Death Benefit

In addition to providing you with retirement benefits, the CERF Pension Plan also provides a death benefit to your beneficiary.

If you die while actively employed with the county and while a participant in CERF, your beneficiary will receive a $10,000 death benefit regardless of the length of time you worked for the county. You may choose anyone as your beneficiary. It is important to keep your beneficiary designation form current. Copies of this form are available from your county clerk’s office, the CERF Administrative Office, or the CERF Web site (www.mocerf.org).

You may designate an entity, such as a charity, to receive this benefit. You may also designate more than one beneficiary by indicating the percentage you want each beneficiary to receive. If you fail to specify the percentages, the benefit will be paid in equal shares to your named beneficiaries.

If you do not designate a beneficiary, this benefit will be paid to your surviving spouse. If you do not have a surviving spouse, the benefit will be paid in equal shares to your children. If you do not have surviving children, it will be paid to your estate.

Unlike a traditional life insurance policy, this is a cash benefit that is paid by CERF. It is important to let your beneficiary know that this is a taxable benefit.