South Dakota
Retirement System
Proudly Serving South Dakota's Public Employees Since 1974
Employer
Contribution
Reporting

MySDRS

Survivor Benefits

Surviving Spouse Benefit

A Generational member's retirement benefit is a single-life benefit; however, a Generational member may make an election at retirement to provide a survivor benefit to the member's eligible surviving spouse. Depending on the member's election, the benefit may stop upon the member's death or a percentage (60% or 100%) of the member's benefit may be payable to the member's surviving spouse.

Single-Life Benefit: If the member is single or is married and elects a single-life benefit at retirement, the benefit will be payable for the member's lifetime only. No benefit will be payable to the member's surviving spouse, if applicable.

60% Joint & Survivor Benefit: If a married member elects a 60% Joint & Survivor benefit at retirement, the member's retirement benefit will be actuarially reduced to provide for a surviving spouse benefit after the member's death. The surviving spouse benefit is equal to 60% of the benefit being paid at the time of the member's death and will continue for the spouse's lifetime with annual cost-of-living adjustments.

100% Joint & Survivor Benefit: If a married member elects a 100% Joint & Survivor benefit at retirement, the member's retirement benefit will be actuarially reduced to provide for a surviving spouse benefit after the member's death. The surviving spouse benefit is equal to 100% of the benefit being paid at the time of the member's death and will continue for the spouse's lifetime with annual cost-of-living adjustments.

 

Remaining Account Balance

If both you (and your spouse, if electing a Joint & Survivor benefit) die before your accumulated contributions have been paid out, your named beneficiary or estate will receive any remaining balance as a lump-sum payment.