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Beneficiary Designation Form- BEN-001 - rol.frs.state.fl.us - Retirement - rol frs state fl 2025

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The document is a beneficiary designation form for active and terminated members of the Florida Retirement System Pension Plan. It outlines the process for designating or changing beneficiaries, specifies eligibility criteria for joint annitants, and provides instructions for completing the form. The document emphasizes the importance of keeping beneficiary designations current and includes sections for listing primary and contingent beneficiaries.

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What is a per Florida law beneficiary?

Until the member submits a beneficiary designation, the members beneficiary will be set as per Florida law, which establishes the beneficiary in the following order: The members spouse, if living. The members surviving children, if any. The members father or mother, if living.

Do I have to fill out a beneficiary designation form?

While it is often beneficial to communicate with beneficiaries regarding the estate administration, executors are not required to comply with every single request for information.

Do I have to fill out beneficiary designation form?

Forms for Designations We recommend that you designate beneficiaries to receive your life insurance benefits. However, if you are happy with the order of precedence(PDF file), you dont have to do anything.

What is a beneficiary designation for pension?

A beneficiary is generally any person or entity the account owner chooses to receive the benefits of a retirement account or an IRA after they die. The owner must designate the beneficiary under procedures established by the plan.

Who is the beneficiary of the retirement system in Florida?

If you are a Pension Plan member, your surviving spouse is automatically your beneficiary unless you designated someone else after your most recent marriage. You may designate your beneficiary or beneficiaries either jointly or sequentially or specify that any benefits due be paid through a trust.

Do you have to inform beneficiaries?

It saves time. If you die and have not named a beneficiary, this will delay the transfer of whatever funds are in those accounts. In some instances, the delay could be significant and require that the person in charge of your affairs or estate complete a lot of paperwork to make it happen.

Beneficiary Designation Form- BEN-001 - rol.frs.state.fl.us - Retirement - rol frs state fl 2025

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