What is preretirement survivor annuity (QPSA)?
A-18: A form of death benefit normally payable under a defined benefit pension plan to the surviving spouse of an active employee (or a deferred vested participant) who is vested under the plan but dies before the commencement of retirement benefits. This benefit is normally calculated as if the plan participant had survived to the earliest retirement age and then died with a 50 percent qualified joint and survivor annuity election in place.
