Form 705 Beneficiary Application for Pension Benefits: Fill out & sign online

Here's how it works

01. Edit your form online

Type text, add images, blackout confidential details, add comments, highlights and more.

02. Sign it in a few clicks

Draw your signature, type it, upload its image, or use your mobile device as a signature pad.

03. Share your form with others

Send it via email, link, or fax. You can also download it, export it or print it out.

The best way to change Form 705 Beneficiary Application for Pension Benefits online

Ease of Setup

DocHub User Ratings on G2

Ease of Use

DocHub User Ratings on G2

With DocHub, making adjustments to your paperwork takes just a few simple clicks. Follow these fast steps to change the PDF Form 705 Beneficiary Application for Pension Benefits online free of charge:

Register and log in to your account. Sign in to the editor using your credentials or click on Create free account to test the tool’s functionality.
Add the Form 705 Beneficiary Application for Pension Benefits for editing. Click the New Document button above, then drag and drop the file to the upload area, import it from the cloud, or using a link.
Alter your file. Make any adjustments needed: insert text and pictures to your Form 705 Beneficiary Application for Pension Benefits, highlight important details, erase parts of content and substitute them with new ones, and add symbols, checkmarks, and fields for filling out.
Finish redacting the form. Save the modified document on your device, export it to the cloud, print it right from the editor, or share it with all the parties involved.

Our editor is very intuitive and effective. Try it out now!

be ready to get more

Complete this form in 5 minutes or less

Get form

Got questions?

We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

Contact us

How do I apply for PBGC benefits?

Call PBGCs Customer Contact Center to request an application for pension benefits. Call at 1-800-400-7242. TTY/ASCII users may call 711. Remember to have your Social Security or customer ID number, plan name, and case number ready for the customer service representative so that they are better able to help you.

What is a beneficiary designation for pension?

You may designate any person, or a trust or organization, to receive your ordinary death benefit it does not have to be a family member. You can designate two types of beneficiaries primary and contingent. A primary beneficiary is the person who receives your death benefit.

How do I avoid paying tax on my pension?

Roth conversion option. With your lump sum payout in a Traditional IRA, you can convert all or some of the money into a Roth IRA. While you may pay taxes on the conversion, all future earnings and withdrawals are tax-free.

Why do I pay federal taxes on my pension?

Pensions are usually funded with pre-tax income, so you will pay income tax on all pension payments (unless you contributed after-tax to your pension) upon withdrawal.

Do I pay federal tax on my pension?

Taxes on Pension Income You will owe federal income tax at your regular rate as you receive the money from pension annuities and periodic pension payments. But if you take a direct lump-sum payout from your pension instead, you must pay the total tax due when you file your return for the year you receive the money.

Related forms

be ready to get more