       
        |
 |
Retired Members
Retiree
Group Life Insurance
As a
non-working retiree, if you die and your most recent employer prior to retirement is
covered by the group life insurance program, a benefit based on your service credit will be
paid to your beneficiaries as follows:
SCRS and PORS Members
|
SCRS Years of Service Credit |
Benefit Amount |
PORS Years of Service Credit |
|
10 to 19 years |
$2,000 |
10 to 19 years |
|
20 to 27 years |
$4,000 |
20 to 24 years |
|
28 or more years |
$6,000 |
25 or more years |
|
|
Retired SCRS and PORS members who
have returned to covered employment and are making employee
contributions are eligible for an increased group life insurance
benefit equal to one year’s annual salary in lieu of the standard
$2,000, $4,000, or $6,000 normally available to other retired
members if their employer has coverage.
|
| GARS and JSRS Members |
|
Years of Service Credit |
Benefit Amount |
|
10 to 19 years |
$1,000 |
|
20 to 29 years |
$2,000 |
|
30 or more years |
$3,000 |
|
|
                    
 |
