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2560 DESIGNATION OF BENEFICIARY FOR THE GROUP RETIREMENT PLAN NORTH DAKOTA PUBLIC EMPLOYEES RETIREMENT SYSTEM SFN 2560 (Rev. 01-2014) In compliance with the Federal Privacy Act of 1974, the disclosure.

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How to fill out the Update My Beneficiary - NDPERS - ND.gov online

Filling out the Update My Beneficiary form for the North Dakota Public Employees Retirement System is a straightforward process that ensures your designated beneficiaries are accurate and up-to-date. This guide will provide clear instructions to assist you in completing the form correctly.

Follow the steps to accurately complete the Update My Beneficiary form online.

  1. Click the ‘Get Form’ button to obtain the Update My Beneficiary form and open it in your editing tool.
  2. Begin by completing Part A, which requests your member information. Fill in your name (last, first, middle), marital status (married, single, divorced, or widowed), NDPERS ID, last four digits of your social security number, and date of birth. Additionally, if applicable, include your spouse's name.
  3. In Part B, you will designate your primary beneficiary or beneficiaries. Provide their name, relationship to you, social security number, birth date, and address. Remember that the total percentage of shares must equal 100% for all primary beneficiaries.
  4. Next, proceed to Part C if you have contingent or secondary beneficiaries. Similar to Part B, fill out the necessary details for each contingent beneficiary, ensuring the share percentage also adds up to 100%.
  5. After completing the beneficiary sections, review Part D for the member authorization. Read the statements regarding revocation of previous designations and acknowledgment of benefits. You will need to sign and date this section.
  6. If you are married and designating a beneficiary other than or in addition to your spouse, they must sign the spouse authorization in Part E, confirming their consent. Ensure this is completed accurately with the date of signature included.
  7. Lastly, review your entire form for accuracy. Once you have confirmed that all information is correctly entered, save changes. You may subsequently download, print, or share the form as needed.

Complete the Update My Beneficiary form online today to ensure your preferences are accurately recorded.

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Early retirement age is 55 with three years of service with unreduced benefits upon attaining Rule of 85 (age plus service equals or exceeds 85). Early retirement reduction with less than 20 years of service is 3% per year.

All of these averages put together not only moves North Dakota above the national standard for states to retire in but lands it as one of the best....North Dakota is the 10th best place to retire in the United States. StateNorth DakotaTotal Score53.03Affordability22Quality of Life25Care209 more columns • Jan 28, 2023

NORMAL RETIREMENT ✓ meets the Rule of 85 ✓ attained age 65 while actively employed with a NDPERS participating agency. Highway Patrol EARLY RETIREMENT ✓ age 50 or older and have 10 years of service (Max. age 60); or NORMAL RETIREMENT ✓ meet the Rule of 80 ✓ attained age 55 and have 10 years of eligible service.

For help and advice, call us anytime at 800-842-2252. You can also contact us online.

Receive a lifetime annuity (retire as early as age 50 or attaining Rule of 85, or age 55, whichever is earlier).

Your NDPERS retirement benefit is a lifetime, monthly benefit upon retirement. For information specific to your plan or a personal benefit estimate, please contact NDPERS directly. In the event of a divorce, please review the Qualified Domestic Relations Order model for additional information.

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