If a member resigns from State service, but is not old enough to start receiving a pension until sometime in the future, will he be eligible for optional life insurance when his pension begins?
Members receiving their pension within one year from leaving an active state payroll are classified as “Immediate Annuitants” and are eligible to purchase optional life coverage. A member may not upgrade his optional life insurance coverage without evidence of insurability and approval from the life insurance carrier. Members who receive a pension after being off the state payroll for more than one year are classified as “Deferred Annuitants” and are only eligible for the basic state-paid life, and are not eligible to purchase any optional life coverage.
Related Questions
- If a member resigns from State service, but is not old enough to start receiving a pension until sometime in the future, will he be eligible for optional life insurance when his pension begins?
- If I resign from State service but am not old enough to start receiving a pension until sometime in the future, will I be eligible for optional life insurance coverage when my pension begins?
- 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?
