How will my beneficiary report to the Internal Revenue Service the death benefit received from PSERS?
At the end of each January, PSERS mails a 1099-R to its retirees and beneficiaries. This document is used to report any monies paid by PSERS to your beneficiary. The 1099-R will provide your beneficiary with the information needed to complete the U.S. Individual Income Tax Return (1040). Any questions or concerns about taxes should be discussed with a tax consultant or the IRS. Top of the page HEALTH INSURANCE Is my beneficiary entitled to a group health insurance plan? There is no provision for beneficiaries to receive group health insurance coverage as a benefit or right under the account of a member who died in service. Two conditions must be met for a beneficiary to be entitled to participate in one of PSERS group health plans: • The member must have been eligible for a monthly benefit prior to death, and • the beneficiary must be the surviving spouse or survivor annuitant of the member. Is my beneficiary entitled to receive premium assistance? Premium assistance is a tax-free bene
Related Questions
- If a member is eligible for pension and dies in service without an insured death benefit or widows pension, is his beneficiary entitled to a refund of his contributions?
- I received a lump-sum Social Security benefit. It covered several prior years; how can I report that to the IRS?
- How will my beneficiary report to the Internal Revenue Service the death benefit received from PSERS?
