Get Designation Of Beneficiary. Designation Of Beneficiary

The DESIGNATION OF BENEFICIARY form is essential for those who wish to specify who will receive benefits from their VRS Basic and Optional Group Life Insurance and retirement contribution account. Completing this form correctly ensures that your chosen beneficiaries receive the intended benefits in accordance with your wishes.

Follow the steps to accurately complete the DESIGNATION OF BENEFICIARY form.

1. Click the ‘Get Form’ button to obtain the form and open it in the appropriate editing tool.
2. In Part A, enter your personal information: your full name, social security number, address, and whether you are retired. Be sure to include the employer name only if you are an active member.
3. Initial the statement in Box 6 to confirm that you revoke all previous beneficiary designations.
4. In Part B, choose whether you want to elect payment of the life insurance benefits in the order of precedence established by law, or designate specific beneficiaries. If not electing the order of precedence, complete the full required information for each beneficiary, including name, relationship, address, social security number, birth date, designation (primary or contingent), and the share percentage.
5. In Part C, repeat the process for accumulated VRS retirement contributions, deciding whether to follow the legal order of precedence or designate specific beneficiaries with the same required details as in Part B.
6. In Part D, sign and date the member certification in Box 9. Make sure to have a notary public complete Box 10 to properly witness your signature.
7. After completing all sections, make a copy of the form for your records and mail the original to the VRS address indicated on the form.

Ensure your intentions are honored and complete your DESIGNATION OF BENEFICIARY form online today.