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You can name your spouse, child, parent, sibling, or grandchild as the beneficiary for your pension. If you have not designated a beneficiary, the monthly benefit is paid to your surviving spouse.
Who do I put for beneficiary designation?
Write the names of the first beneficiary(ies) you would like to receive your benefit after you die. You may name an individual(s), entity (such as a charity, business, religious organization, funeral home, etc.), trust, or estate. You may name more than one.
What is a designation of beneficiary form?
A designation of beneficiary form outlines your desire to have the funds due upon your death paid out in a particular way. There are four types: Type. Form link.
How to fill out beneficiary designation form?
Name only living persons as beneficiaries, unless you are naming a trust, your estate or an organization. Do not name the same person or organization as both a primary and secondary beneficiary. Do not use the word or when designating multiple beneficiaries. Do not impose any conditions on payment.
What is the beneficiary designation form in Michigan?
Beneficiary Designation Forms Submit this form to your Human Resources Office. Final Compensation Beneficiary Designation CS-140 This form is used to assign beneficiaries for final compensation, which can include the last paycheck, payoff of accumulated vacation, sick, comp, longevity, or any other bonuses.
*000295000000000G*. Section I Beneficiary Designation. List your beneficiary (or beneficiaries) below. If you name more than one beneficiary, they will each
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