Death Benefits for SPRS Members - The Official Web Site for The State ...

The State pays the cost of your group life insurance coverage. Group life insurance is provided through policies issued by Prudential Group Life Insurance. When you first enroll in the SPRS, you receive an individual certificate from the New Jersey Division of … See more

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What To Do When Someone Dies | SSA

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Lump-sum death payment. A spouse might get a one-time death benefit payment of $255. If there’s no spouse, some children may be eligible, including those who are: Age 17 or younger, …

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FAQs about Death Benefits for SPRS Members - The Official Web Site for The State ... Coupon?

Does membership in the SPRS give you a right of claim?

Membership in the SPRS does not give you the right to be retained in the employ of the New Jersey State Po-lice, nor does it give you a right of claim to any benefit you have not accrued under terms of the system. Benefits and provisions of the SPRS are sub-ject to changes by the legislature, courts, and other oficials. ...

Will working for a government agency affect my SPRs retirement benefits?

For most SPRS retirees, working for a private indus-try, the federal government, or a government agency in another state will not afect your retirement benefits. For SPRS retirees who resume public employment in New Jersey after retirement, there are several areas of concern. ...

What is final compensation for SPRs members?

For all SPRS members, Final Compensation includes the value of the maintenance allowance for the same period. Upon your death as an active member, your surviving spouse/partner is eligible to receive a pension benefit equal to 50 percent of your Final Compensation. ...

When is group life insurance payable for retired SPRs members?

Group life insurance for retired members of the SPRS who were enrolled on or after July 1, 1971, is payable only if the member retired with 10 or more years of pen-sion membership credit or retired on a Disability Re-tirement. ...

Who is a beneficiary under RSP?

The beneficiary under RSP is the spouse, unless the spouse has given written consent for the member to name an alternate beneficiary. Your spouse could elect to use the lump-sum death benefit to purchase an annuity contract. If there is no spouse, your designated beneficiaries will receive the death benefit. ...

How are SPRs retirement benefits calculated?

SPRS retirement benefits are calculated using "Final Compensation" — which is the salary upon which pension contributions were based plus the value of the maintenance allowance for the same period. ...