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Pension, Retirement, and Investment Accounts

What if my spouse chose a pension option with no survivor benefit?

Short answer

Some pension elections at retirement permanently reduce or eliminate survivor benefits. Review the election paperwork. If they chose a single-life annuity, payments stop at their death. Some plans allow a window to change the election before retirement — after death, options are…

What this usually means

Some pension elections at retirement permanently reduce or eliminate survivor benefits. Review the election paperwork. If they chose a single-life annuity, payments stop at their death. Some plans allow a window to change the election before retirement — after death, options are very limited. A pension attorney can advise on whether any recourse exists.

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