If you are an active or disabled member or a member retired from active service who is covered under the Death and Disability Plan at the time of your death, each of your eligible children may receive $10,000 a year for the first four years of full-time study beyond high school.
You are eligible for this benefit if your employer has been paying Death and Disability Plan dues. (Exceptions exist within the 90-day window for no-cost death coverage for members in Pastor's Participation.)
Applying for the Benefit
A family should contact the Board of Pensions when planning for a child’s higher education. The Board will send a
- Student’s Application for Educational Benefits, to be completed by the student; and
- Authorization for Direct Deposit form, to be completed by the student if he or she would like to receive the payment of the benefit by direct deposit.
All completed forms must be returned to the Board.
Verifying the Student's Status
The school registrar must verify with the Board, in writing, full-time student status periodically in the academic year. The registrar can return any form of verification on official school or clearinghouse letterhead to the Board of Pensions.
Receiving Payment of the Benefit
Payment is issued monthly, directly to the student. For students in semester-based programs, payment is issued as follows:
- fall semester – six payments, October through March
- spring semester – six payments, April through September
The maximum aggregate benefit for any one eligible child is four years and $40,000 and does not cover study that occurred before the date of death. The benefit is not intended to cover graduate studies; however, the Board will grant it for one year of graduate study if a child completes post-secondary study in three years.