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  • Rs 5127

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Lbany, NY 12244; telephone number 518-474-3524. This form is for designating beneficiaries to receive ordinary death benefits, if ordinary death benefits become payable on account of your death. You may not designate beneficiaries to receive accidental death benefits. The beneficiaries entitled to receive accidental death benefits are mandated by statute. Please go to the reverse side of this form to designate beneficiaries, sign and date the form, and have the form notarized. RS 5127.

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How to fill out the Rs 5127 online

Filling out the Rs 5127 form is an essential step for active members of the New York State Retirement System who wish to designate beneficiaries for their ordinary death benefits. This guide provides clear, step-by-step instructions on how to complete the form correctly.

Follow the steps to fill out your Rs 5127 form online.

  1. Click ‘Get Form’ button to obtain the form and open it in the editor.
  2. Begin with the member information section. Enter the last four digits of your Social Security number, registration number (if known), and your date of birth. Ensure that you print clearly using capital letters and stay within the designated boxes.
  3. Input your full name, including your last name, first name, and middle initial. Next, provide your street address, city, state, and zip code. Make sure all information is accurate and legible.
  4. In the employed by section, fill in the name of your employer and their address. This information is vital for the Retirement System.
  5. Proceed to the designation of primary beneficiaries. Clearly fill out the names of your primary beneficiaries, their relationships to you, and their addresses. Remember that if you have multiple primary beneficiaries, they will share any benefit equally.
  6. Next, fill out the designation of contingent beneficiaries. List their names, relationships, and addresses, making sure you understand that if all primary beneficiaries predecease you, benefits will go to these contingent beneficiaries.
  7. Once you have completed all relevant sections, review the form thoroughly to ensure all fields are accurately filled out.
  8. Sign and date the form. Then, ensure that the form is notarized by a public notary who will also enter their expiration date.
  9. Finally, mail your completed form to the New York State and Local Retirement System at the address provided in the instructions to ensure it is processed correctly.

Complete your Rs 5127 form online today to secure your beneficiaries' future.

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Primary beneficiaries are often those closest to you, such as your spouse. Contingent beneficiaries are second in line to inherit your assets. Also known as secondary beneficiaries, contingent beneficiaries are often children, other family members, or philanthropic organizations.

Most single people with no kids will name their parents or siblings as primary beneficiaries. Someone who will have to pay off your debts or your funeral is another option. You can name each as a primary beneficiary if you're responsible financially for several family members.

When you became a member of the New York State and Local Retirement System (NYSLRS), you may have designated one or more beneficiaries. A beneficiary is a person, often a relative or loved one, whom you have chosen to be eligible to receive a benefit upon your death.

A primary beneficiary is the person (or people or organizations) you name to receive your stuff when you die. A contingent beneficiary is second in line to receive your assets in case the primary beneficiary passes away. And a residuary beneficiary gets any property that isn't specifically left to another beneficiary.

Immediate family as beneficiaries Anyone who will suffer financially by your loss is likely your first choice for a beneficiary. You can usually split the benefit among multiple beneficiaries as long as the total percentage of the proceeds equal 100 percent.

The Will will also name beneficiaries who are to receive assets. An executor can override the wishes of these beneficiaries due to their legal duty. However, the beneficiary of a Will is very different than an individual named in a beneficiary designation of an asset held by a financial company.

You can, but it's not recommended because a minor can't legally receive a life insurance payout. Should your beneficiary be your spouse or your child? You should designate a legal adult as your beneficiary. Most people name their spouse, partner, or a trust to ensure that the funds are used appropriately.

Whom should I not name as beneficiary? Minors, disabled people and, in certain cases, your estate or spouse. Avoid leaving assets to minors outright. If you do, a court will appoint someone to look after the funds, a cumbersome and often expensive process.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
Privacy Notice
Legal Hub
Content Takedown Policy
Bug Bounty Program
About Us
Help Portal
Legal Resources
Blog
Affiliates
Contact Us
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate WorkFlow
DocHub
Instapage
Social Media
Call us now toll free:
+1 833 426 79 33
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232