It is imperative to ensure that your death benefit beneficiary information is up to date. The absence of a valid and up to date APRS beneficiary form on file with the System can create significant challenges in administering a member’s final affairs after their passing.
For active members, the death benefit is equal to twice the balance of the member’s contribution account, with a minimum of $10,000. For retired members, the death benefit is $10,000 (or a proportionate amount if retired under the Proportionate Retirement Program). Please note that the Forward DROP and PROP accounts have separate beneficiary forms that should also be updated if applicable.
Under state law, members may designate either a spouse or a non-spouse to receive the death benefit. This designation is separate from the survivor option to continue annuity payments after the member’s death.
To review or change your death benefit beneficiary information, please log in to your MemberDirect account. Once logged in, navigate to “Member Information” and select “Beneficiaries.” If you need any additional information or assistance, please do not hesitate to contact us at (512) 416-7672.
A confirmation will be sent to you via MemberDirect, after the update has been made to your records. Please contact the System if you do not receive confirmation within two business days.