When you became a member of DERP, you took your first step in attaining your financial security in retirement. But what about the financial security of your loved ones?
Since your DERP Pension Benefit provides benefits to your survivors, it’s important to designate beneficiaries who will receive survivor benefits upon your death. You should review and update your beneficiary designations on your MyDERP.org account when you experience a major life event. Keeping your beneficiary information current ensures your DERP Pension Benefit is paid in accordance with your wishes in the event of your death.
For more information click Benefits on the navigation bar, select DERP Pension Benefit from the dropdown menu, and expand Designate a Beneficiary.