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Designating Beneficiary(ies) for Retirement System Contributions - ncdhhs

Designating Beneficiary(ies) for Retirement System Contributions - ncdhhs 2025

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The document provides a detailed guide for members of various Retirement Systems in North Carolina to designate beneficiaries for their retirement contributions and death benefits. It outlines the necessary steps, including completing specific sections of the form, notarization requirements, and submission instructions. The document also explains the implications of beneficiary designations, eligibility for benefits, and conditions under which payments will be made to designated beneficiaries upon the member's death.

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Who is the beneficiary of NC retirement when someone dies?

If you have designated a beneficiary(ies), this person(s) will be the beneficiary of your pension fund account. If you do not have a designated beneficiary living as of your date of death, your spouse will be the beneficiary. If there is no living beneficiary or spouse, the proceeds will be paid to your estate.

Can you name a child as a pension beneficiary?

Children under age 18 can be named as a primary or contingent beneficiary. However, if you were to die while they are still minors, the proceeds may be sent in their name to the legal guardian of the minor childs estate. Another common solution to make accommodations for children is through the creation of a trust.

Who to list as beneficiary for retirement?

Eligible designated beneficiary Spouse or minor child of the deceased account holder. Disabled or chronically ill individual. Individual who is not more than 10 years younger than the IRA owner or plan participant.

Who claims the death benefit after death?

If you are a beneficiary of a life insurance policy and the insured has passed away you need to file a claim with the company in order to collect the death benefit.

Who is entitled to survivors pension?

Survivor Benefit Entitlements A survivor refers to the person who, at the time of the plan members death, was legally married to the plan member or was cohabitating with the plan member in a relationship of a conjugal nature (includes common-law and same sex partners) for at least one year prior to the date of death.

Who is the beneficiary of retirement benefits after death?

When a participant in a retirement plan dies, benefits the participant would have been entitled to are usually paid to the participants designated beneficiary in a form provided by the terms of the plan (lump-sum distribution or an annuity).

Who gets a deceased persons retirement?

Surviving spouse, age 60 or older, but under full retirement age, gets between 71% and 99% of the workers basic benefit amount. Surviving spouse, any age, with a child younger than age 16, gets 75% of the workers benefit amount. Child gets 75% of the workers benefit amount.

Designating Beneficiary(ies) for Retirement System Contributions - ncdhhs 2025

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The easiest way to modify Designating Beneficiary(ies) for Retirement System Contributions - ncdhhs in PDF format online

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Who is the beneficiary of NC retirement when someone dies?

Can you name a child as a pension beneficiary?

Who to list as beneficiary for retirement?

Who claims the death benefit after death?

Who is entitled to survivors pension?

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Who is the beneficiary of retirement benefits after death?

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Designating Beneficiary(ies) for Retirement System Contributions - ncdhhs 2025

Here's how it works

The easiest way to modify Designating Beneficiary(ies) for Retirement System Contributions - ncdhhs in PDF format online

Complete this form in 5 minutes or less

Got questions?

Who is the beneficiary of NC retirement when someone dies?

Can you name a child as a pension beneficiary?

Who to list as beneficiary for retirement?

Who claims the death benefit after death?

Who is entitled to survivors pension?

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People also ask

Who is the beneficiary of retirement benefits after death?

Who gets a deceased persons retirement?

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