Home < Retirement and Savings Plans < University of California Retirement Plan (UCRP) < Beneficiaries < Contingent Annuitant
A contingent annuitant is a person you designate to receive a monthly lifetime benefit after your death. It can be your spouse or domestic partner, or another person you name. You cannot change your contingent annuitant once you have elected retirement. This benefit is separate from, and in addition to, the postretirement survivor continuance. To provide this benefit, you receive a reduced retirement income. The amount of the reduction depends on the payment option you choose and the average life expectancy of both you and your contingent annuitant.
If the 25% postretirement survivor continuance is set aside, the remaining 75% of your basic retirement income is adjusted for the contingent annuitant payment option selected. This adjusted portion is referred to as the option portion.
You will receive both the 25% survivor continuance and the option portion for as long as you live. The benefit paid to the contingent annuitant when you die is based on the option portion. If you name your spouse or domestic partner the contingent annuitant, he or she will receive both the postretirement survivor continuance and the contingent annuitant payment.
