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

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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.
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.
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.
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.
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.
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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.

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