Understanding Survivor and Death Benefits - Public School ...

Reversionary PensionsA reversionary pension offers a member the optionof providing a lifetime pension for any designatedindividual. A reversionary pension is fundedthrough a reduction in the amount of the member’sretirement pension and is paid upon the member’sdeath. This option must be established prior to themember’s retirement date by submitting CTPF Form706, Designation of Reversionary Beneficiary.Qualifying Conditionsn A reversionary designation must be filedwith CTPF prior to the effective date of themember’s retirement.n If the member dies within 730 days fromthe date the designation is filed at CTPF, noreversionary pension will be paid.n The reversionary pension remains a fixedamount throughout the recipient’s lifetime.n The reversionary pension cannot be less than$40 per month or more than the reducedpension payable to the member as a result ofthis reversionary option.There are additional conditions regarding thisreversionary option. For further information, pleasecontact CTPF Member Services.5