WMS Beneficiary Terminology
Benefit Type
Benefit Type indicates the category of benefits that your beneficiary will receive upon your death.
Survivor Type
Survivor Type indicates whether your beneficiary will receive a continuance or a lump sum benefit upon your death.
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Joint and Survivor |
This type of survivor will receive a continuance, which means a continuing monthly payment to your beneficiary after your death. |
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Survivor |
This type of survivor will receive a lump sum payment, which is a one-time payment of benefits in one lump sum after your death. |
Designation
Designation indicates whether the beneficiary is a primary or alternate (contingent) beneficiary.
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Primary Beneficiary |
This beneficiary will receive your ACERA death benefits. |
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Alternate Beneficiary |
In the event your Primary Beneficiary does not survive you, ACERA will pay your death benefits to you Alternate Beneficiary. |
Note: If whoever you’ve name as your Primary Beneficiary is already deceased, go ahead and designate a new Primary Beneficiary.